LAS CRUCES – El Paso Electric announced that New Mexico customers will begin to receive a rate credit on their electric bills. The $8.7 million of credits will be issued over three years. The New Mexico Public Regulation Commission approved the rate credit at an Aug. 5 open meeting.
“This bill credit is one of many benefits created for EPE, our customers, employees and communicates as part of the IIF transaction. As a long-term investor in utility companies, IIF is aligned with EPE and its mission,” shares Eddie Gutierrez, vice president of customer and community engagement.
The typical EPE New Mexico residential service customer using an average of 674 kilowatt-hours of energy per month will see an average monthly bill decrease of $1.37, or 1.76%, for the next 36 months.
More: Former turnaround specialist deems El Paso Electric strong as she readies for CEO job
This article originally appeared on Las Cruces Sun-News: El Paso Electric New Mexico customers to receive bill credits
(c)2020 the Las Cruces Sun-News (Las Cruces, N.M.)
Visit the Las Cruces Sun-News (Las Cruces, N.M.) at www.lcsun-news.com
Distributed by Tribune Content Agency, LLC.