New Mexico 2025 Regular Session

New Mexico House Bill HM49 Compare Versions

Only one version of the bill is available at this time.

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28	28	HOUSE MEMORIAL 49
29	29	57TH LEGISLATURE - STATE OF NEW MEXICO - FIRST SESSION, 2025
30	30	INTRODUCED BY
31	31	Cathrynn N. Brown
32	32	A MEMORIAL
33	33	REQUESTING THE CONSIDERATION AND STUDY OF ESTABLISHING A
34	34	PERFORMANCE-BASED AND LOW-INTEREST LOAN PROGRAM TO FINANCE
35	35	UPGRADES TO AND THE DEVELOPMENT OF NEW ELECTRIC TRANSMISSION,
36	36	DISTRIBUTION AND GENERATION INFRASTRUCTURE AND FACILITIES.
37	37	WHEREAS, New Mexico's electric grid and energy
38	38	infrastructure are vital to the well-being, economic prosperity
39	39	and quality of life of all New Mexicans; and
40	40	WHEREAS, New Mexico has the potential to be a leader in
41	41	electric energy generation, with its access to abundant wind,
42	42	solar and geothermal resources, but currently lacks sufficient
43	43	transmission and distribution infrastructure; and
44	44	WHEREAS, existing transmission lines and distribution
45	45	systems in many areas of New Mexico, particularly in rural and
46	46	underserved regions, are outdated and vulnerable; and
47	47	.230896.1 underscored material = new
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74	74	WHEREAS, modernizing and expanding New Mexico's
75	75	transmission and distribution infrastructure and electric
76	76	generating facilities could attract new industries, create new
77	77	jobs, support long-term economic development and contribute to
78	78	a stable and reliable electric grid; and
79	79	WHEREAS, other states have enacted laws to enhance
80	80	electric grid reliability, such as the Powering Texas Forward
81	81	Act, which provides performance-based grants and low-interest
82	82	loans to finance upgrades to and the development of new
83	83	electric transmission, distribution and generation
84	84	infrastructure and facilities; and
85	85	WHEREAS, with its access to natural resources, need for
86	86	improved energy infrastructure and current financial strength,
87	87	New Mexico should capitalize on this opportunity and invest in
88	88	similar programs to improve its electric grid facilities and
89	89	infrastructure and position itself to meet future energy
90	90	demands;
91	91	NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF
92	92	REPRESENTATIVES OF THE STATE OF NEW MEXICO that the governor,
93	93	the members of the legislature and other leaders in New Mexico
94	94	be requested to consider and prioritize establishing a program
95	95	to expand and improve the state's electric grid; and
96	96	BE IT FURTHER RESOLVED that the public regulation
97	97	commission, in collaboration with the energy, minerals and
98	98	natural resources department and the economic development
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127	127	department, be requested to convene a task force to study the
128	128	electric infrastructure and facility needs of the state and the
129	129	feasibility of establishing a program similar to that created
130	130	by the Powering Texas Forward Act to provide performance-based
131	131	grants and low-interest loans to finance upgrades to and the
132	132	development of new electric transmission, distribution and
133	133	generation infrastructure and facilities; and
134	134	BE IT FURTHER RESOLVED that the public regulation
135	135	commission be requested to report to the appropriate
136	136	legislative interim committee about its findings and
137	137	recommendations; and
138	138	BE IT FURTHER RESOLVED that copies of this memorial be
139	139	transmitted to the governor, members of the legislature, the
140	140	public regulation commissioners, the secretary of energy,
141	141	minerals and natural resources and the secretary of economic
142	142	development.
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