Local Choice Energy providers would be unregulated and would establish their own rates to residential customers.
Look at what happened in Texas 2 weeks ago when rates increased to astronomic levels. That increase was due in part to Community Choice Energy programs.
This legislation would automatically enroll every residential customer into this program unless you opt out.
That decision should be yours as a member-owner not theirs. Cooperatives would have to absorb all the administrative costs in
implementing this program for Local Choice Energy Providers. This could result in increased rates to remaining cooperative ratepayers.
Reducing the size of the Co-ops customer base from which to recover the utility’s cost of providing service may increase the cost
of electricity to remaining customers. SB83 could strand hundreds of millions of dollars of co-op investments and have a disproportional negative impact on
Let your voice be heard at https://nmelectric.coop/sb83
For more information about the bill visit,