Bill > HB93

This bill seeks to modernize New Mexico's electrical grid infrastructure by introducing several key provisions. The legislation allows public utilities to include advanced grid technology projects in their grid modernization applications to the Public Regulation Commission, enabling them to recover costs from customers for these projects. The bill defines advanced grid technologies as hardware or software that increases the efficiency, capacity, or reliability of electrical transmission and distribution systems, including technologies like advanced conductors, dynamic line ratings, and grid enhancing technologies. Utilities will now be required to consider these technologies when filing integrated resource plans and annual reports, with a focus on improving grid reliability, reducing greenhouse gas emissions, and increasing access to clean and renewable energy. The bill also introduces a new provision for self-sourced power generation, allowing entities to create qualified microgrids that can generate and sell electricity, with a requirement that by 2045, all energy generated must come from net-zero carbon resources. The legislation aims to support grid modernization, encourage renewable energy adoption, and provide more flexibility in power generation and distribution, with an effective date of July 1, 2025.

Agriculture and Natural Resources, Government Affairs

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=93&year=25