The bill aims to enhance New Mexico's electric grid through the establishment of a Grid Modernization Roadmap and Grant Program, which will be developed by the Energy, Minerals and Natural Resources Department in consultation with the Public Regulation Commission. The roadmap will outline priorities and strategies for modernizing the state's electric grid, while the grant program will provide financial support for eligible projects proposed by various entities, including municipalities, state agencies, and now, notably, school districts and charter schools. The definition of "grid modernization" has been amended to encompass a broader range of improvements to electric distribution and transmission infrastructure, including advanced metering, intelligent grid devices, and energy storage systems.

Additionally, the bill emphasizes the importance of competitive grant awards, prioritizing projects that utilize matching funds from non-state sources and those that stimulate economic development, job creation, and apprenticeships. Projects receiving grants must coordinate with their electric service providers to ensure they do not negatively impact grid efficiency and reliability. The department is also required to report to the legislative finance committee on the grant program's progress, detailing grant recipients, project descriptions, and contributions to grid modernization.

Statutes affected:
introduced version: 71-11-1
Final Version: 71-11-1