HOUSE ENERGY, ENVIRONMENT AND NATURAL RESOURCES
COMMITTEE SUBSTITUTE FOR
HOUSE BILL 243
56th legislature - STATE OF NEW MEXICO - first session, 2023
RELATING TO ENERGY; REQUIRING ELECTRIC PUBLIC UTILITIES TO FILE A GRID MODERNIZATION PLAN WITH THE PUBLIC REGULATION COMMISSION; AUTHORIZING THE PUBLIC REGULATION COMMISSION TO MAKE RULES REGARDING GRID MODERNIZATION PLANS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. A new section of Chapter 62, Article 8 NMSA 1978 is enacted to read:
"[NEW MATERIAL] GRID MODERNIZATION PLAN.--
A. Pursuant to the commission's rulemaking authority, an electric public utility subject to the ratemaking jurisdiction of the commission shall periodically file a grid modernization plan with the commission. A grid modernization plan may include measures of cost-effectiveness and reliability of the distribution grid and how the plans are consistent with the state's roadmap for grid modernization.
B. By October 1, 2024, the commission shall adopt rules to implement the provisions of this section.
C. The provisions of this section do not apply to a
distribution cooperative organized pursuant to the Rural
Electric Cooperative Act."
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