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AARP New Mexico has serious concerns about the impact a proposed rate increase by PNM will have on residents particularly those on fixed incomes.
PNM has already enacted two price hikes totaling 16 percent in the last two years. Now they are seeking another 21.2 percent increase.
“In tough economic times, it’s particularly unfair to raise rates on people who can barely survive on fixed incomes already,” said Michael Donnelly, AARP New Mexico State Associate Director Advocacy. “Heating and cooling are essential utilities and far too often people must choose between cutting back on their energy use or on basic necessities. Those are choices we shouldn’t be asking people to make.”
The request is scheduled to go before the New Mexico Public Regulation Commission in January.
“We really need the PRC to consider the full impact such a rate increase will have on consumers, especially during these difficult economic times, and not just look at the needs of PNM,” Donnelly said.
In addition, AARP volunteers, who closely monitor utility issues that go before the Public Regulation Commission, will continue to review PNM’s future plans for construction and energy efficiency programs to learn the exact impact such plans will have on ratepayers.
AARP is encouraging the public to call the PRC at 1-888-427-5772 to share any concerns it has on the rate hike.