Cities unite against PNM rate hike

Cities unite against PNM rate hike

There are 24 comments on the Alamogordo Daily News story from Sep 15, 2010, titled Cities unite against PNM rate hike. In it, Alamogordo Daily News reports that:

The Alamogordo City Commission talked about banding together with other communities affected by Public Service Company of New Mexico's proposed electrical rate increase during the regular meeting Tuesday night.

Join the discussion below, or Read more at Alamogordo Daily News.

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Q-Hack

Alamogordo, NM

#1 Sep 16, 2010
Not sure why we need to raise it by 21%. Seems to me that they should have an annual increase that matches inflation. An increase of 2-4% every year would be easier to take than a 20% every 5 years.

Since: Oct 08

.

#3 Sep 16, 2010
oh hell why not hire two more attorneys!
Tyranny Watch

Silver City, NM

#4 Sep 16, 2010
Control...control...control...
fact

Tularosa, NM

#5 Sep 16, 2010
That's what we get when NM Congressmen Teague, Heirich and Lujan vote Yes for the Energy Cap and trade Bill as Nancy Peloski instructed them.
John K

Albuquerque, NM

#6 Sep 16, 2010
What other cities will we band together with? Tell me so I can move there. The rest of the screwed are Silver City, part of Tuli, Ruidoso and two small spots on the map that maybe qualify as villages.
If the City Council is so interested or concerned why weren't more of them at the two presentations PNM has put on this summer related to this rate hike. If it were me:
1) I'd have Ron Darnell (PNM VP) and his band of merry men come down from their leir in Albuquerque to discuss before the city council, WHY the increase.
2) I'd have the PRC come down and talk to us about what our options are. They said they would come and talk if we could get 20 people or more to show up for a meeting.
3) If i were a city council looking to retain legal council on this issue i'd look up Bruce Throne, he's an ex-PRC member and practises in Santa Fe.
John K

Albuquerque, NM

#7 Sep 16, 2010
Woops, one last thing.
Why are the meetings related to PNM's southern Region taking place in Las Cruces. Last time I checked Las Cruces was part of El Paso Electric and not even related to this case.
Have the meetings in Alamogordo
Tyranny Watch

Silver City, NM

#8 Sep 16, 2010
no more libs...
White Canary

Hobbs, NM

#9 Sep 16, 2010
Will it never end.? Rates are already sky high, no one has the extra money these days to keep the power companies in champagne and caviar. I remember as a child in California when the rates went up by 50% just before Christmas.... Lights went out all over the county and many never went back on, every rate hike since has turned off another portion of peoples lives and now that so much runs off electricity who can guess what necessity we will have to choose to do without? Already my lights are out by 10 PM, the computer is OFF and the heater set as low as we can stand it and it's not even winter yet. Maybe PNM would like to tell us where we go from here and where the money will come from to pay their rates....I really would like to know.

“Our nearest star”

Since: May 09

Alamogordo, NM

#10 Sep 16, 2010
John K wrote:
Woops, one last thing.
Why are the meetings related to PNM's southern Region taking place in Las Cruces. Last time I checked Las Cruces was part of El Paso Electric and not even related to this case.
Have the meetings in Alamogordo
They did have a meeting in Alamogordo.

“Our nearest star”

Since: May 09

Alamogordo, NM

#11 Sep 16, 2010
John K wrote:
Woops, one last thing.
Why are the meetings related to PNM's southern Region taking place in Las Cruces. Last time I checked Las Cruces was part of El Paso Electric and not even related to this case.
Have the meetings in Alamogordo
http://sunpluggers.com/news/new-mexicos-pnm-i...
Thel Lone Stranger

Albuquerque, NM

#12 Sep 16, 2010
Its not our representatives we need to blame but the hangover of big businesses controling us in every facit of our lives. Big Banks, Big Oil (Oh please don't tax us so we can spill millions of gallons of crude in the Gulf), Big Insurance Companies, Big rotten Repubilicans that want to give millions of dollars to the poor filthy rich in this country, "that have been hurt by the recession". Hey its in the Bible, "The rich will get richer and the poor...." Do I hear the click of electric gaggets going off? Wake you you all.
John K

Albuquerque, NM

#13 Sep 16, 2010
BarbMoore wrote:
Ya I was there, for both meetings. At the Integrated Resource Plan meeting PNM wasn't prepared to discuss rates, but said they would come back.
When they came back in August to discuss rates no one from the City Council was there. Long story short, they said an increase was coming and there wasn't anything we could do about it. I say they need to come and talk on record to the City, in the council chambers, until then it's all rhetoric.
no problem

Ruidoso, NM

#14 Sep 16, 2010
It is OK if they raise the rates here in Ruidoso. Heck, we are so rich we are willing to raise the tax rate just so we can watch horses race.

“Our nearest star”

Since: May 09

Alamogordo, NM

#15 Sep 16, 2010
John K wrote:
<quoted text>
Ya I was there, for both meetings. At the Integrated Resource Plan meeting PNM wasn't prepared to discuss rates, but said they would come back.
When they came back in August to discuss rates no one from the City Council was there. Long story short, they said an increase was coming and there wasn't anything we could do about it. I say they need to come and talk on record to the City, in the council chambers, until then it's all rhetoric.
You can go solar and get off the grid. Show them SOBs and sell power back to them.
Do your research

Albuquerque, NM

#16 Sep 16, 2010
I really don't understand this small town mentallity where everyone believes they should have everything for free. Do your research and see what other people in other parts of New Mexico and regionally/nationally are paying for electricity and you will see that you are getting a great deal. What you don't understand is that if PNM doesn't get a rate increase, eventually you will have to pay even more due to their poor credit rating and the infrastructure will suffer meaning worse reliability. Everyone complains about big oil, energy etc. but they then get in their big trucks and turn on their plasma TVs. Give me a break! Ignorance rules again.
no problem

Ruidoso, NM

#17 Sep 16, 2010
Do your research wrote:
I really don't understand this small town mentallity where everyone believes they should have everything for free. Do your research and see what other people in other parts of New Mexico and regionally/nationally are paying for electricity and you will see that you are getting a great deal. What you don't understand is that if PNM doesn't get a rate increase, eventually you will have to pay even more due to their poor credit rating and the infrastructure will suffer meaning worse reliability. Everyone complains about big oil, energy etc. but they then get in their big trucks and turn on their plasma TVs. Give me a break! Ignorance rules again.
Again, no problem here in Ruidoso...we are all rich here.
tex

Marshfield, MO

#18 Sep 16, 2010
look it up !!They said that prices would skyrocket under cap and trade,you aint seen nuttin yet,
Tyranny Watch

Silver City, NM

#19 Sep 16, 2010
just say no...
John K

Albuquerque, NM

#20 Sep 16, 2010
BarbMoore wrote:
<quoted text>
You can go solar and get off the grid. Show them SOBs and sell power back to them.
Well that's a funny thing Barb. I was the first residential installation of solar in the county just about 5 years ago now, and truth is I haven't paid for power since and I cash my checks from PNM every time one shows up.(for my excess generation) Still it's the rest of the community, the small business owner who will be hit at home and at the shop with the rate hike that I worry about.
Then again I also sell Solar gear so if you want to get off the grid let me know, a typical system costs no more then a used car these days.
John K

Albuquerque, NM

#21 Sep 17, 2010
Do your research wrote:
I really don't understand this small town mentallity where everyone believes they should have everything for free. Do your research and see what other people in other parts of New Mexico and regionally/nationally are paying for electricity and you will see that you are getting a great deal. What you don't understand is that if PNM doesn't get a rate increase, eventually you will have to pay even more due to their poor credit rating and the infrastructure will suffer meaning worse reliability. Everyone complains about big oil, energy etc. but they then get in their big trucks and turn on their plasma TVs. Give me a break! Ignorance rules again.
I can understand the need of a company like PNM to keep up on costs and infrastructure needs. However there are a few issues which I take offence to. 1) PNM has a new CEO and, a new Chairman of the Board, both hired back in March and April of this year. The CEO is starting out at 1.5 and the Chairman of the Board is getting just over 3.5 as in MILLION
2)Back in June of this year PNM announced a dividend of 12% for those holders of it's preferred stock. Typicaly preferred stock is held by board members, market makers and other institutional investors, NOT the common stock you or I might have. In short isn't it bad taste that in this economic time, they issue a 12% bonus to themselves while at the same time asking for a rate increase

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