During the Martinez Administration, PNM has managed to raise rates 41% on we the little people. No, it isn’t because they need the money, but because they need the record profit those rate increases provide. Not only are they now going to screw us with a 14% rate hike, but the important people of the state will get a decrease of 8%! Isn’t that special. So, if this goes through, and we know it will, we the little people will now be paying 55% more for PNM’s rates since Susana Martinez became governor. Coincidence? I don’t think so.
Not only that, but in a completely illegal move, they plan to charge those of us who want to use solar a hefty user fee, just like the poor suckers in Arizona are charged. Coincidence? I don’t think so.
“...For years, homeowners have been encouraged to install rooftop or backyard solar panels to decrease their reliance on utility-generated power that is heavily reliant on pollution-heavy fossil fuels.
Once installed, home systems can be linked to the public grid and send excess solar energy into the power lines running through neighborhoods across the state. In most cases, PNM buys this energy from the homeowner at a reduced rate (currently 3-cents) then sells it to the neighbor next door at the consumer rate (about 9-cents) and profits from the difference without having to do much of anything. That arrangement helped PNM generate profits without work and helped PNM decrease its reliance on fossil fuel-generated power. And according to PNM, “because you are adding renewable-fueled power to the PNM system, we pay you for helping us meet our environmental goals.”
While PNM starts to pocket its profit right away, the average New Mexico customer doesn’t see a return on their investment (in terms of paying less per month) for 5-10 years, depending on the cost. PNM is already in process to reduce that payment to home solar producers. Now PNM wants to fine solar producers for helping them meet renewable energy goals and going all “green” on their own….”
Oh, don’t worry, PNM also charges us a fee if we want to connect into their wind system. Let’s face it, New Mexico is considered the most corrupt state in the country, with Susana Martinez being the most corrupt governor in the country. Do we really expect anything honest out of this state? Of course not!