2014 HB 296 Economic Development Utility Rates

CVNM Position:

Oppose

Priority:

CVNM Priority Vote

Year:

2014

Sponsors:

Stuart Ingle
Antonio Maestas

Topics:

Energy & Climate Change

Legislative Info:

HB 296 on nmlegis.gov »

Description

HB 296 (and its companion SB 283) would have shifted costs for economic development utility expansion (e.g. sprawl development or industry) to other ratepayers, effectively subsidizing the expansion at the expense of small business and lower-income ratepayers. HB 296 and SB 283 were almost identical to HB 183; there were only minor differences, with the addition of an emergency clause in both HB 296 and SB 283.

Outcome

HB 296 passed the House (47-17) and was defeated in the Senate Judiciary Committee. SB 283 died on the Senate calendar.