Protect New Mexico

Your source for environmental information at the NM legislature

HB 445: REDUCE RENEWABLE PORTFOLIO STANDARDS

An Act Relating To Renewable Energy; Reducing Renewable Portfolio Standards; Removing Limitations On The Specific Procurement Requirements Limit Applicable To The Renewable Portfolio Standard; Providing An Additional Criterion On Which The Public Regulation Commission May Adjust The Procurement Limit For Inflation.

LoadingAdd to My Bills

HIGH HB 445
REDUCE RENEWABLE PORTFOLIO STANDARDS

Legislative URL:
HB 445 on nmlegis.gov
Emergency Clause:
No
Germane:
N/A
Action:
[11] HEENC/HRPAC-HEENC [24] DNP-CS/w/o rec-HRPAC [29] DP [35] PASSED/H (33-32) [39] SCONC/SJC-SCONC API.
Issue(s):

Related Legislators

Bill Sponsor:

Related Documents

Downloads:
Introduced
HEENC Committee Report
HEENC Committee Substitute
HRPAC Committee Report
Fiscal Impact Report

Related Events

Upcoming:
Summary

This bill amends Section 62-16-4 NMSA 1978 (Renewable Portfolio Standard) by:

  • removing the requirement that by January 1, 2020, renewable energy must comprise at least 20 percent of each public utility’s total retail sales to New Mexico customers; and
  • extending a provision for reduction, based on procurement requirements, of the renewable portfolio standard to include governmental as well as nongovernmental customers and to include facilities with annual consumption of 10 million kilowatt hours or less.

 

The House Energy, Environment and Natural Resources Committee Substitute simply removes the requirement that by January 1, 2020, renewable energy must comprise at least 20 percent of each public utility’s total retail sales to New Mexico customers.

 

A potential concern regarding this bill is that by easing renewable energy requirements it may have the effect of limiting the development of renewable energy alternatives and prolonging the state’s dependence on high-pollution fossil fuel energy sources.