Bill > SB312

This bill aims to increase the renewable energy requirements for utilities in New Mexico. For rural electric cooperatives, the bill requires that renewable energy comprise 70% of total retail sales to New Mexico customers by 2040, with incremental increases over time. For public utilities, the bill requires that renewable energy comprise 80% of total retail sales to New Mexico customers by 2040, also with incremental increases over time. The bill also modifies the "reasonable cost threshold" above which utilities are not required to add renewable energy, and requires utilities to file annual reports on their renewable energy procurement and generation.

Agriculture and Natural Resources, Transportation and Infrastructure

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=312&year=17