Lucid Motors -- Arizona -- Sonora, Mexico -- November 29, 2016

A name to note: Lucid Motors. Arizona. Tesla. Sonora, Mexico.

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New Mexico Electric Utility To Seek Another Rate Increase

Link here.  

Utility costs are among the most regressive form of taxation.

Data points:

• Public Service Co of New Mexico: NM's largest electric provider
• needs to recoup the dollars that are being spent on grid improvements and pollution controls at two coal-fired power plants in northwestern New Mexico
• Obama's war on coal
• New Mexico overwhelmingly votes and re-votes for Obama
• money needed to ensure fulfillment of an agreement between PNM, the state and the U.S. Environmental Protection Agency to shut down two units at the San Juan Generating Station to meet federal haze pollution standards

And more:

In southeastern New Mexico, Xcel Energy also is asking for a rate hike. The Minnesota-based company filed its request in early November, citing nearly $2 billion in new investments that include transmission lines and substations

And finally this, with eyes wide shut:

Environmentalists have been critical of PNM, saying the utility needs to do more to wean itself from fossil fuels. Utility officials have argued that they've invested $270 million in solar energy centers and have been buying wind-generated power since 2003.

Environmentalists must like higher utility bills. A most regressive form of taxation.