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.

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