summary
Introduced
01/25/2021
01/25/2021
In Committee
Crossed Over
Passed
Dead
03/20/2021
03/20/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT RELATING TO UTILITIES; PROVIDING THAT COMPLIANCE WITH RENEWABLE PORTFOLIO STANDARDS SHALL NOT RESULT IN AN INCREASE IN RATES TO CUSTOMERS OF MORE THAN A CERTAIN PERCENTAGE.
AI Summary
This bill amends the renewable portfolio standard (RPS) requirements for public utilities in New Mexico. It increases the renewable energy requirement to 40% by 2025, 50% by 2030, 80% by 2040, and 100% by 2045, while allowing the continued use of zero-carbon resources until 2047. The bill also requires the utility commission to review the standard annually and consider factors like affordability, reliability, and environmental impacts. Importantly, it caps increases to residential and commercial customer rates resulting from compliance with the RPS at 2% per year or 5% over three years.
Committee Categories
Agriculture and Natural Resources
Sponsors (10)
Jason Harper (R)*,
Rod Montoya (R)*,
James Strickler (R)*,
Joshua Hernandez (R),
T. Lane (R),
Stefani Lord (R),
Jane Powdrell-Culbert (R),
Bill Rehm (R),
Larry Scott (R),
James Townsend (R),
Last Action
House Energy, Environment and Natural Resources Committee (08:30 2/4/2021 Room Zoom) (on 02/04/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=176&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/house/HB0176.pdf |
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