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El Paso Electric Facing Opposition To Requested $8.6 Million Rate Increase

El Paso Electric, a utility that serves about 400,000 customers in southern New Mexico and west Texas is facing stiff opposition to its request for a $6.4 million rate increase.

Hearings began this week at the New Mexico Public Regulation Commission for El Paso Electric's rate hike request.

The Albuquerque Journal reports the company requested an $8.6 million increase in its base revenue in May.

El Paso Electric says it has invested about $1.3 billion in new assets since 2009, the last time it requested a rate increase in New Mexico.

The New Mexico Attorney General's Office, the City of Las Cruces and Dona Ana County argue for granting less than a 1 percent rate hike.

Opponents say the utility is inflating the costs it needs to recover for infrastructure development.
 

Information from: Albuquerque Journal.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.