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All sides praise bill to deregulate electric industry.

The Albuquerque Tribune (Albuquerque, NM)

| February 06, 1999 | COPYRIGHT 2003 Albuquerque Tribune. (Hide copyright information)Copyright

Byline: Leanne Potts and Tim Archuleta TRIBUNE REPORTERS

SANTA FE -- For perhaps the first time ever, three of the disparate sides in the battle to deregulate New Mexico's electric industry have agreed on something.

It is this: Public Service Company of New Mexico, New Mexico Electric Switch and New Mexico Industrial Energy Consumers all like the electricity deregulation bill introduced Friday in the Legislature by Sen. Michael Sanchez, a Democrat from Belen.

And they all believe it has a good chance of making it into law.

"It's a historic moment for New Mexico," said Julie Grey, spokeswoman for PNM.

"This bill will open our transmission and …

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