FYI: meeting to discuss Otero Electric Rate Increase

If your electricity comes from Otero Electric, you may be interested in attending the following meeting on Thursday, September 17,  at the Ruidoso Convention Center, 5:30 p.m. in Room 4abc  The discussion will center on the prospective increases to your bill.  Please pass this on.

The major increase is in the customer charge going from $16 to $25.  They have done a cost analysis that shows the actual customer cost to the company of $35.  The rest is made up by usage.  The argument is who should carry the cost of business, those who use more or all those who are connected.

If 25 people formally object to the proposed increase it must go to the rate commission to be considered.

Otero Electric likely has sufficient paperwork to get an increase.  The bottom line is that the bank requires Otero to collect $1.5 million in excess of their basic loan payments.

More details at:   http://www.ruidosotoday.com/test/zozo/zozo9.15.2015