Issue Position: Economic Development Utility Rates Bill

Issue Position

In the 2014 Legislative Session, Rep. Maestas sponsored a bill that called for utility rates for certain customers certified by the state's Economic Development Department to assist in job creation and additional investment in the state. This measure would help cities like Albuquerque attract major employers like Tesla by being able to offer competitive utility rates as an additional incentive to relocate to New Mexico. Unfortunately, this bill died at the end of this past session. Rep. Maestas plans to introduce this bill again in the 2015 session and to work with all stakeholders, like environmental advocates, energy companies, consumer and low-income advocates, to work out a good compromise to the bill.

For more information on this bill, see:
House Bill 289 in the 2014 Legislative Session
http://www.nmlegis.gov/Sessions/14%20Regular/bills/house/HB0296.pdf

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