Renewable energy required on New Mexico state land after bill signed
House Bill 95 was intended to codify into law the Office of Renewable Energy established within the State Land Office.
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House Bill 95 was intended to codify into law the Office of Renewable Energy established within the State Land Office.
If passed, HB 95 would require the State Land Office maintain its Office of Renewable Energy without an end date.
Senate Bill 164 would raise the maximum royalty rate, a percentage paid by operators to the state on the value of oil and gas produced on State land.
Senate Bill 164 would raise the maximum royalty rate, a percentage paid by operators to the state on the value of oil and gas produced on State land.
A shared grid between New Mexico, Arizona and Colorado could save power users in the state up to $114 million on their bills annually, read the report.