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 phrase "and natural gas using combined cycle technology" is inserted into the definitions of renewable energy resources in both acts. Additionally, the bill clarifies that electric energy generated by natural gas using combined cycle technology is not considered fossil fuel energy, thereby allowing it to be classified as a renewable energy source.

By incorporating natural gas using combined cycle technology into the definition of renewable energy resources, the bill aims to promote a broader range of energy generation methods that can contribute to New Mexico's renewable energy goals. This inclusion is significant as it recognizes the role of advanced natural gas technology in reducing carbon emissions while still supporting the state's transition to cleaner energy sources.

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