Bill > HB273

This bill amends two existing New Mexico laws - the Rural Electric Cooperative Act and the Renewable Energy Act - to include natural gas using combined cycle technology as a renewable energy resource. Specifically, the bill modifies the definitions of "renewable energy resource" in both acts to add natural gas using combined cycle technology alongside existing renewable resources like solar, wind, and geothermal energy. This change means that electricity generated from natural gas through combined cycle technology (a highly efficient method of electricity generation that uses both gas and steam turbines) can now be counted toward renewable energy requirements for rural electric cooperatives and public utilities. The bill also removes language that previously excluded fossil fuels from the definition of renewable energy resources, creating a specific exception for natural gas using combined cycle technology. By making this modification, the bill expands the types of energy sources that can be considered renewable in New Mexico, potentially providing more flexibility for energy producers and potentially supporting the state's renewable energy goals.

Agriculture and Natural Resources

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=273&year=25