UTILITY & ENERGY CHANGES

Summary

The proposal allows public utilities to petition for exemptions from the state's renewable portfolio standards, permitting them to buy, build or own carbon‑based power plants and to purchase electricity from outside New Mexico. It also creates a voluntary program to monitor and certify natural gas, requires a carbon‑intensity standard for state‑produced gas, and establishes a corporate income tax credit for technologies that cut greenhouse‑gas emissions from natural gas. The changes affect utilities, generation resources, qualified microgrids and natural‑gas producers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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