Committee advances bill letting investor‑owned utilities optionally count avoided greenhouse‑gas benefits in energy‑efficiency tests The House State Government, Elections and Indian Affairs Committee approved an amendment to HB254 to allow investor‑owned electric utilities to opt in to calculating avoided greenhouse‑gas emissions beyond the utility cost test; the PRC would incorporate that benefit for utilities that elect to calculate it.

A new bill could empower investor-owned electric utilities in New Mexico to calculate the benefits of avoided greenhouse-gas emissions, potentially lowering energy costs for consumers.

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Committee clears bill to clarify property-tax valuation for energy storage The committee passed HB309 to apply New Mexico's special valuation method to energy storage assets used in electric generation, which developers said will provide certainty for investment in battery projects.

New Mexico just took a significant step to boost investment in energy storage by clarifying property tax valuation for electric generation!

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#NM #NewMexicoEnergy #CitizenPortal #ElectricGeneration #InvestmentCertainty #EnergyStorage

Committee approves statute to create Energy Affordability and Grid Reliability Council amid debate over $2 million appropriation House Bill 329 would establish a statutory council attached to the PRC to study affordability and grid modernization; the committee debated the need for a funded statutory body versus an unfunded memorial and approved the bill on a do-pass vote.

New Mexico's committee just greenlit a bold move to establish a council aimed at enhancing energy affordability and modernizing the grid, sparking a heated debate over funding and necessity!

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Senate committee tables bill to count nuclear in state renewable standard after heated debate A Senate committee debated SB 78 — which would allow nuclear energy to count toward the state's renewable/low‑carbon portfolio — hearing technical defenses of nuclear as dispatchable power and concerns about waste, uranium mining and statutory definitions; the committee ultimately tabled the measure 6‑3.

A heated debate in New Mexico's Senate committee has led to the tabling of a bill that could redefine nuclear energy as a renewable resource, sparking controversy over safety and sustainability.

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Committee approves Virtual Power Plant bill after amendment, experts and utilities debate costs and oversight The House Energy, Environment & Natural Resources Committee amended and passed HB311, the Virtual Power Plant Act, after extended testimony from utilities, clean-energy advocates and technical experts over timelines, consumer protections and potential cost shifts to nonparticipants.

New Mexico is on the brink of revolutionizing energy with the Virtual Power Plant Act, but fierce debates over costs and reliability are heating up!

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Panel approves bill decoupling state advanced-energy credit from federal law and adding fusion A House committee backed HB154 to remove dependence on IRS definitions for New Mexico's advanced energy equipment tax credit and to add fusion machines to the state definition; sponsors said the change preserves the existing $25 million annual cap and aims to attract manufacturing investment.

New Mexico's House committee just advanced a game-changing bill that could unlock high-tech jobs by decoupling state energy incentives from unpredictable federal definitions!

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#NM #NewMexicoEnergy #EconomicStability #ManufacturingInvestment #CitizenPortal #AdvancedEnergy

Committee okays change to let utilities count avoided greenhouse gases in energy‑efficiency test HB254 would allow investor‑owned electric utilities to include the value of avoided greenhouse gas emissions in the statutory utility cost test used by the PRC to determine energy‑efficiency program cost‑effectiveness; the committee voted 7–3 to advance the bill after debate about customer charges and program cost recovery.

New Mexico's House Bill 254 could revolutionize energy efficiency by allowing utilities to factor in avoided greenhouse gas emissions, paving the way for more programs and lower long-term bills.

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USACE Delays Elvato Dam Repair Amid Southwest Drought Impacting Hydroelectric Power Elvato Dam construction halted, affecting local hydroelectric power due to drought conditions.

Drought conditions are crippling New Mexico's hydroelectric power generation, with local facilities struggling to keep the lights on.

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#NM #CitizenPortal #WaterManagement #NewMexicoEnergy #EnergyResilience #ClimateVariability

Senator questions Energy Secretary on power pricing and budget modeling Senator demands clarity on budget impacts and pricing amid rising power demand concerns.

A U.S. senator calls out the Energy Secretary over rising electricity prices and warns of a looming energy crisis amidst critical budget discussions.

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#US #CitizenPortal #EnergyPricing #RegulatoryReform #NewMexicoEnergy #RenewableEnergy

Geothermal Industry Sends A 163-Gigawatt Letter To Fossil Fuels New enhanced geothermal energy systems are emerging on the US power generation profile, with data centers and the US DoD among key markets.

Geothermal energy will push fossil fuels out of the power generation picture.

cleantechnica.com/2025/06/14/g...

#geothermal #geothermalenergy #newmexicoenergy #bigbeautifulbill #energyemergency #energy #renewableenergy #renewables #datacenters #meta #cleanenergy #sustainable #sustainability

New Mexico sets net-zero carbon standards for qualified microgrids by 2045 New regulations mandate qualified microgrids to achieve net-zero carbon by 2045.

New Mexico is stepping into the future with House Bill 93, a groundbreaking move to empower local microgrids and commit to net-zero carbon by 2045!

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Representative Romero unveils HB 361 for converting orphaned wells to energy storage in New Mexico HB 361 aims to convert inactive wells into advanced energy storage and geothermal solutions.

A groundbreaking bill in New Mexico aims to transform orphaned oil and gas wells into cutting-edge energy storage facilities, promising a greener future and economic opportunities.

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Tax Credit Program Launched for Geothermal Heat Pump Installation in New Mexico New Mexico offers up to $9000 tax credit for certified geothermal heat pump installations.

New Mexico is poised to revolutionize its energy landscape with a new bill offering up to $9,000 in tax credits for businesses adopting geothermal heat pumps!

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Energy Department sets $4M cap on annual tax credits for sustainable building The energy department establishes a $4M credit limit for sustainable building tax incentives.

New Mexico is taking a bold step towards sustainability with House Bill 218, which introduces a $4 million tax credit program for renewable energy systems like geothermal heat pumps!

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New Mexico legislature debates renewable energy tax aimed at Arizona and California users Lawmakers discuss House Bill on taxing renewable energy to support local funding and projects.

New Mexico lawmakers are locked in a heated debate over a proposed tax on renewable energy that could raise millions but may jeopardize the industry's growth.

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Renewable Energy Industry supports New Mexico's electric grid modernization bill Jim Deschardins advocates for HB 13 to enhance New Mexico's electrical distribution system.

New Mexico's bold push for a modern electrical grid could create high-paying jobs, but concerns over rising costs for consumers are heating up the debate.

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New Mexico discusses Clean Water Act changes impacting energy permits and protections Lawmakers debate the implications of Supreme Court ruling on New Mexico's water protections.

New Mexico lawmakers are at a critical crossroads, grappling with the fallout from a Supreme Court ruling that has stripped protections from most of the state's rivers, potentially reshaping the future of energy projects.

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New Mexico Public Service Company supports Senate Bill 142 for modernizing energy grid Public comments highlight support for Senate Bill 142 promoting solar and electric school buses

New Mexico is on the verge of transforming its energy landscape with Senate Bill 142, a game-changer for sustainable practices and modernizing the energy grid.

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New Mexico's Energy Department outlines geothermal project fund regulations Energy Department will report on geothermal grants and project status annually starting December 2024

New Mexico is taking a bold step toward a sustainable future with House Bill 289, aiming to unlock the power of geothermal energy and create new jobs!

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#NM #SustainableFuture #GeothermalDevelopment #NewMexicoEnergy #RenewableEnergy #CitizenPortal

New Mexico extends funding timeline for critical dam and irrigation projects New Mexico extends fiscal deadlines for $15 million in infrastructure funding through 2026.

New Mexico is taking bold steps to enhance energy efficiency and infrastructure with House Bill 2, allocating millions for community projects and critical repairs.

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