summary
Introduced
01/27/2025
01/27/2025
In Committee
02/27/2025
02/27/2025
Crossed Over
03/08/2025
03/08/2025
Passed
Dead
03/22/2025
03/22/2025
Introduced Session
Potential new amendment
2025 Regular Session
Bill Summary
AN ACT RELATING TO ELECTRIC PUBLIC UTILITIES; ESTABLISHING DISTRIBUTION SYSTEM PLANNING REQUIREMENTS; REQUIRING DISTRIBUTION SYSTEM PLANS AND ENERGIZATION REPORTS; REQUIRING BENEFICIAL ELECTRIFICATION PLANS; PROVIDING FOR ELECTRIC PUBLIC UTILITIES TO RECOVER COSTS FOR BENEFICIAL ELECTRIFICATION PROGRAMS; REQUIRING ANNUAL REPORTS ON BENEFICIAL ELECTRIFICATION; ESTABLISHING THE VIRTUAL POWER PLANT PROGRAM; AUTHORIZING THE PUBLIC REGULATION COMMISSION TO ADOPT RULES TO ESTABLISH TARIFFS AND PERFORMANCE TARGETS; ALLOWING FOR COMPENSATION TO ELECTRIC PUBLIC UTILITY CUSTOMERS FOR PARTICIPATION IN THE VIRTUAL POWER PLANT PROGRAM AND UTILITY COST RECOVERY.
AI Summary
This bill establishes comprehensive requirements for electric utilities in New Mexico to modernize and electrify their distribution systems, focusing on three main areas: distribution system planning, beneficial electrification, and virtual power plant programs. The bill requires electric utilities to submit detailed distribution system plans every three years, starting in 2026, which must include mapping of hosting capacity, proposed energization time periods, interconnection fees, and strategies for using distributed energy resources. Utilities must also develop beneficial electrification plans to support customer adoption of electric technologies, with specific targets for reducing greenhouse gas emissions and mandatory funding of at least 0.5% of customer electric bills. Additionally, the bill mandates the creation of a virtual power plant program by February 2026, which will allow customers and third-party aggregators to participate in grid services by coordinating distributed energy resources like energy storage, electric vehicles, and demand management technologies. The Public Regulation Commission will oversee these initiatives, establishing rules, performance targets, and compensation mechanisms. The bill aims to improve grid efficiency, support decarbonization efforts, and provide opportunities for customers to actively participate in and benefit from the evolving energy ecosystem.
Committee Categories
Agriculture and Natural Resources
Sponsors (3)
Last Action
Senate Tax, Business and Transportation Committee (00:00:00 3/20/2025 Room 321) (on 03/20/2025)
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