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