Bill > HB327

This bill amends 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 existing definitions to add natural gas with combined cycle technology to the list of renewable energy resources for both rural electric cooperatives and public utilities. Combined cycle technology is a power generation process that uses both gas and steam turbines to produce electricity more efficiently than traditional methods. The bill expands the definition of renewable energy resources to include this type of natural gas generation, which was previously excluded under provisions prohibiting fossil fuel-based electricity generation. By making this change, the bill allows natural gas using combined cycle technology to be counted towards renewable energy portfolio standards and potentially qualify for renewable energy certificates. This modification could provide more flexibility for energy providers in meeting renewable energy goals and potentially reduce carbon emissions compared to traditional fossil fuel power generation methods.

Agriculture and Natural Resources

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=327&year=25