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The New Mexico Independent going forward

By | 11.16.11

I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…

EIB hears more anti-cap-and-trade testimony

Mesa Verde 80
By | 11.10.11

While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…

New Mexico’s largest university low in popularity

jobs-80
By | 11.10.11

Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.

PRC

Colorado-based electric firm behind 4.5% rate hike for 800,000 New Mexicans

By | 10.04.11 | 11:11 am

Over 800,000 New Mexicans will face price hikes in their electric bills after a Colorado-based company and its 44 local co-ops voted 43-1 to raise the rates by 4.5 percent.

Tri-State, which services 1.5 million customers in four states and covers some 200,000 square miles, generates the electricity, while its 44 cooperatives purchase the electricity in bulk for more competitive rates. Twelve of the cooperatives are based in New Mexico.

Kit Carson Electric Co-op, the lone dissenting vote, plans to protest the price increase with the Public Regulation Commission. However, in order for PRC to review a rate hike, two other co-ops must file a protest. Tri-State, according to the Santa Fe New Mexican, is raising rates for the first time in three years; a spokesperson for Kit Carson framed the frequency differently, saying on Monday this will be the seventh rate hike in eleven years.

The Taos-based co-op operates in Taos, Colfax and Rio Arriba counties. The majority of the customers serviced by the private non-profit group live in PRC District 3, which is technically without a representative following Commissioner Jerome D. Block stepping down from office after months of inquiry into his illegal use of public funds. He pleaded guilty to two counts in late September.

Gov. Susana Martinez will announce a replacement member soon. The rate hikes are scheduled to go into effect on Jan. 1, 2012.

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