Santa Fe residents could see rising electric bills

New Mexico
PNM Building_173658

People living in Santa Fe could soon be paying more for electricity.

According to the Albuquerque Journal, The City Council’s Public Works Committee approved an ordinance granting PNM a franchise fee increase. The rate is 3% of the gross receipts which PNM receives from a sale of electricity in the city.

If approved, bills could increase by three cents more for every dollar charged. A possible final decision could happen by June 26.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Now Trending on


More Video Forecast

Don't Miss