2013 HB 266 Renewable Energy Procurement Limits
- CVNM Position:
- CVNM Priority Vote
James R.J. Strickler
- Energy & Climate Change
- Legislative Info:
- HB 266 on nmlegis.gov »
The Renewable Portfolio Standard (RPS) prompts utilities to diversify their energy production by investing in renewable energy sources like wind and solar, and holds them accountable to meet modest thresholds. The RPS includes a provision called “reasonable cost threshold,” which ensures that customers’ bills won’t change dramatically as a result of utilities complying with the standard. HB 266 inserted an additional, unnecessary and exceedingly complex cost consideration—attempting to fix a problem that doesn’t exist. Long-term, of course, all New Mexican consumers will benefit from the RPS: saving money from the avoided costs of new power plant construction, as well as the reduced health care costs resulting from cleaner air and water.
HB 266 died in the House Energy and Natural Resources Committee.
How Legislators Voted on HB 266
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