ABANDONED UTILITY TRANSITION COST RECOVERY

Summary

The bill amends New Mexico’s energy‑transition financing rules so a utility that abandons a qualifying generating facility cannot apply for bond financing to recover transition costs if it is also constructing, acquiring, or operating new natural‑gas resources. It targets utilities that would otherwise receive cost recovery while shifting to fossil‑fuel projects. The change aims to keep the state’s transition funding focused on clean‑energy replacements.

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