The bill amends Section 62-8-6 of the New Mexico Statutes to allow public utilities to implement additional rate structures while maintaining non-discriminatory practices. It explicitly prohibits public utilities from granting unreasonable preferences or advantages to any corporation or person and from establishing unreasonable differences in rates or services. However, the bill introduces several new provisions that permit the commission to approve specific types of rates, including economic development rates, rates designed to retain load, and rates aimed at reducing energy costs for low-income customers.

Additionally, the bill allows for rates that help decrease customer arrears and increase payment frequency, provided these programs enhance affordability and service continuity. It also includes provisions for energy efficiency programs targeting low-income customers, in accordance with the Efficient Use of Energy Act. The effective date for these changes is set for July 1, 2025.

Statutes affected:
introduced version: 62-8-6