HB 266: RENEWABLE ENERGY PROCUREMENT LIMITS

An Act Relating To Renewable Energy; 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.

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MILD HB 266
RENEWABLE ENERGY PROCUREMENT LIMITS

Legislative URL:

HB 266 on nmlegis.gov

Emergency Clause:

No

Germane:

N/A

Location:

- OTHER -

Action:

[7] HENRC/HBIC-HENRC API.

Issue(s):

Energy

Related Legislators

Bill Sponsor:

James Strickler

Related Documents

Downloads:

Introduced
Fiscal Impact Report

Summary

House Bill 266 expands the applicability of a limitation in the Renewable Energy Act so that the limitation applies to all customers, not just nongovernmental customers with certain high levels of consumption. Under the bill, the procurement of renewable energy procured for all customers, non just the high-use nongovernmental customers, would be limited so that the additional cost to each customer does not exceed the lower of 2% of that customer’s annual electric charges or $99,000. The bill allows the Public Regulation Commission (PRC) to adjust the 2% limit for inflation. Current law already allows the PRC to adjust the $99,000 limitation for inflation.

A possible concern about this bill is that it might reduce the amount of energy that public utilities procure from renewable sources.

Outcome: HB 266 died in the House Energy and Natural Resources Committee.

Date of Summary:  1/28/13;  Updated 5/17/13