2017 SB 312 Renewable Energy Requirements for Utilities

CVNM Position:

Support

Priority:

CVNM Priority Vote

Year:

2017

Sponsors:

Mimi Stewart
Nathan P. Small

Topics:

Energy & Climate Change

Legislative Info:

SB 312 on nmlegis.gov »

Description

SB 312 would have increased the renewable portfolio standard (RPS) to require that renewable energy comprise 70% of total retail sales to NM customers of rural electric cooperatives by 2040 and requires that renewable energy comprise 80% of total retail sales to NM customers of public utilities by 2040. It also prescribes the formula by which these goals are to be achieved. This would have the effect of reducing the demand for fossil fuel energy, which negatively impacts the environment, climate and public health.

Outcome

SB 312 died in the Senate Corporations and Transportation Committee.