New MexicoUtilities investing in gas could not seek certain transition bonds
A utility closing a qualifying power plant could not seek a bond financing order for transition costs if it invests in or operates new natural gas resources.
What it does
A utility abandoning a qualifying power plant could not seek an order to recover its transition costs through bonds if it invests in, builds, buys or operates new natural gas resources.
Argument forThe restriction could discourage utilities from pursuing new gas resources while asking customers to help pay costs tied to closing older power plants.
Argument againstUtilities that invest in or operate new gas resources could lose access to this financing option, which might limit how they pay for closing a power plant.
More detail
A utility could not apply for a financing order to recover energy transition costs. This applies to a qualifying utility that is abandoning or has abandoned a qualifying power plant. The restriction applies if the utility is investing in, constructing, acquiring or operating new natural gas resources.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 24action postponed indefinitelyLatest
- Jan 23Sent to Senate Committees' Committee & Senate Conservation Committee & Senate Tax, Business and Transportation CommitteeIntroduced
Environment & EnergyEconomy & JobsNational Security