On Wednesday, December 7, 2022, The New Mexico Public Regulation Commission voted 5 to 0 to approve the settlement agreement reached by all parties in the rate increase application filed by Jemez Mountains Electric Cooperative, Inc., (JMEC). Effective the date of the PRC’s vote, the approved rates result in an overall system increase of 9.33 percent. The average (770 kWh) residential member will pay $109.32 per month in Phase 1 and will slightly lower to $107.68 when Phase 2 goes into effect. Details of the rate increase can be found in the news release section on this page. Members will see the rate increase in bills received starting January 2023.
Beginning on Tuesday, October 18, 2022, continuing if necessary to October 19 and 20, the New Mexico Public Regulation Commission (PRC) has scheduled a hearing that will address Jemez Mountain Electric Cooperative, Inc.’s proposed rate increase.
On July 8, 2022, the New Mexico Public Regulation Commission (PRC) issued its Second Procedural Order and Notice of Hearing with Order Limiting Scope of Case.
On June 10, 2022, JMEC filed for a rate increase based on the new cost-of-service study using the 12 months ending February 28, 2022, as the test year.
On February 23, 2022, the New Mexico Public Regulation Commission (PRC) issued an order requiring JMEC to file an amended application with an updated cost of service study, using the most recent possible 12-month period.
In December 2021, Jemez Mountains Electric Cooperative, Inc., (JMEC) filed for a rate increase using 2019 as its test year for its cost-of-service study with the explanation that though not the most recent 12-month period, it was the most “normal” energy use 12-month period before the onset of changes resulting from the COVID-19 pandemic.
All details on the PRC’s order, hearing and scope can be found in the PDF here:
While energy use across all rates classes – residential, small and large commercial, street lighting – changed in the aftermath of the pandemic the goal for the rate increase is unchanged – to balance the need of our members for reliable service at the lowest practical rate with the needs of JMEC to be financially sound so we are able to meet those needs.