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Regulators order break in rates on electricity.(Local News)
Byline: Wire reports
IN BRIEF
SANTA FE Electricity will be $34 million a year cheaper for New Mexicans, or about $3.32 a month less for the average residential customer, under a rate reduction unanimously approved by the state Public Regulation Commission.
The 6.7 percent rate cut approved 5-0 on Wednesday is retroactive to bills issued on or after July 30, but the reduction probably won't show up in Public Service Company of New Mexico bills until October, PNM spokeswoman Julie Grey said.
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