The bill amends the Rural Electric Cooperative Act and the Renewable Energy Act to expand the definition of "renewable energy resource" to include natural gas using combined cycle technology. This change is reflected in the legal language where the previous definition of renewable energy resources, which included solar, wind, and geothermal, is updated to incorporate natural gas technology. Additionally, the bill clarifies that electric energy generated from natural gas using combined cycle technology is not considered fossil fuel energy, thereby allowing it to be classified as a renewable energy resource.

The amendments also maintain the existing definitions related to energy efficiency, renewable energy certificates, and zero carbon resources, ensuring that the inclusion of natural gas does not alter the overall framework of renewable energy standards in New Mexico. By recognizing natural gas combined cycle technology as a renewable resource, the bill aims to promote a broader range of energy generation options while still adhering to the state's commitment to reducing carbon emissions and enhancing energy efficiency.

Statutes affected:
introduced version: 62-15-37, 62-16-3