New Mexico Governor signs Energy Transition Act

Category: News
Published: 2019-03-25

NEW MEXICO – The last Friday, Governor Michelle Lujan Grisham, Democrat from New Mexico, signed into law the Energy Transition Act (ETA), which boosts New Mexico’s renewable portfolio standard (RPS) and establishes a target of 100% carbon-free power.

According to the governor, S.B.489 creates a pathway for a low-carbon energy transition away from coal while providing workforce training and transition assistance to affected communities.

Developed over the course of a year with collaboration by community organizations, unions, energy groups and other clean energy advocates, the ETA mandates an RPS of 50% by 2030 for New Mexico’s investor-owned utilities and rural electric cooperatives, as well as a goal of 80% by 2040. Notably, it also mandates 100% carbon-free power for the state’s investor-owned utilities and rural electric cooperatives by 2045 and 2050, respectively.

“In every corner of this state, advocates, utilities, young adults, unions, elected officials and families came together to push for and, today, enact this transformational law. The Energy Transition Act fundamentally changes the dynamic in New Mexico” said Lujan Grisham.

Source: Solar Industry