ALBUQUERQUE, N.M. (AP) — Some industrial energy consumers in New Mexico are protesting a move to make large-scale electricity customers pay for fuel savings they now enjoy from Public Service Co. of New Mexico's investments in renewable energy.
The Albuquerque Journal reports that about two dozen industrial energy consumers could be hit with a $1.5 million annual bill if state regulators stand by their decision to make large-scale electricity customers pay for the fuel savings.
A hearing examiner for the New Mexico Public Regulation Commission had concluded that large-scale industrial and institutional consumers receive a disproportional share of those savings while enjoying legal protections that either limit or fully eliminate the amount they must pay to support PNM's renewable investments.
The commission agreed.