Southwestern Public Service Co late fee
New Mexico, Texas · Investor Owned
Southwestern Public Service Co charges 1% for a residential electric bill paid late.
- Percentage fee
- 1% of the past-due balance
- Can disconnect
- Yes, for non-payment
- Percentile
- Higher than 3% of US utilities that charge a percentage fee
- Residential customers
- 322,686
Late fees versus bad debt, 2024
- Late-fee revenue
- $2,352,074 (FERC account 450, Forfeited Discounts)
- Written off
- $9,270,467 (FERC account 904, Uncollectible Accounts)
- Ratio
- 0.25x
Source: US Federal Energy Regulatory Commission, FERC Form 1, accounts 450 and 904 (18 CFR Part 101), retrieved via the Public Utility Data Liberation project. Municipal utilities and most cooperatives do not file Form 1, so no ratio is available for them.
1%/month on balance >$50 (Xcel SPS TX/NM)
Source: https://www.xcelenergy.com/staticfiles/xe/Regulatory/Regulatory%20PDFs/rates/NM/nm_sps_e_entire.pdf