summary
Introduced
01/25/2017
01/25/2017
In Committee
02/07/2017
02/07/2017
Crossed Over
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO ELECTRIC UTILITIES; REQUIRING A COMPETITIVE RESOURCE PROCUREMENT PROCESS FOR INVESTOR-OWNED ELECTRIC PUBLIC UTILITIES; REQUIRING INDEPENDENT EVALUATION OF PROPOSED PURCHASES OF POWER OR SOURCES OF POWER.
AI Summary
This bill requires investor-owned electric public utilities in New Mexico to go through a competitive resource procurement process when applying for approval to acquire new long-term electricity supply or capacity resources. It mandates the use of an independent evaluator to monitor the utility's procurement process and ensure it is fair and reasonable. The bill also grants the utility commission the ability to waive these requirements in extraordinary circumstances. Additionally, the bill exempts certain customer-specific resource procurements from these provisions.
Committee Categories
Agriculture and Natural Resources, Justice
Sponsors (2)
Last Action
Senate Conservation Committee (09:00 3/4/2017 Room 311) (on 03/04/2017)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=360&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/senate/SB0360.pdf |
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