New MexicoBill would fund study of state acquisition of electric utility
If approved, the bill would give the University of New Mexico $150,000 in fiscal year 2027 to study whether the state could acquire and run an electric utility.
What it does
The bill would set aside $150,000 for a University of New Mexico study on whether the state could acquire and run an electric utility to create a publicly owned one.
Argument forThe study could help state leaders judge whether acquiring and running an electric utility is feasible before deciding whether to create one.
Argument againstThe $150,000 could go to other state needs, and the study might not lead to the state acquiring an electric utility.
More detail
The bill would set aside $150,000 for a study of whether the state could acquire and run an electric utility. The study would examine state acquisition and operation of an electric utility as a way to create a publicly owned utility. The money would come from the general fund and be spent by the University of New Mexico's Bureau of Business and Economic Research. Any money left at the end of fiscal year 2027 would return to the general fund. The money would be available for spending in fiscal year 2027; any unspent balance would return to the general fund at that year's end.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 24action postponed indefinitelyLatest
- Feb 4Sent to House Energy, Environment and Natural Resources Committee & House Appropriations & Finance CommitteeIntroduced
Environment & Energy