This bill is a memorial requesting the Energy, Minerals and Natural Resources Department to establish an Energy Infrastructure Study Group. The purpose of this group is to explore and develop strategies to expedite the review and deployment of energy infrastructure in New Mexico, in response to a projected 42% increase in electricity demand by 2040. The bill highlights the need for improved grid reliability, increased energy generation capacity, and the potential for job creation and economic growth through the expansion of community- and utility-scale energy projects. It emphasizes the importance of a streamlined approval process that balances environmental protections with the need for timely infrastructure development.

The study group will consist of at least sixteen members, including representatives from various state agencies, industry stakeholders, and environmental organizations. The group is tasked with examining existing permitting requirements, identifying opportunities for streamlining project reviews, and ensuring meaningful public participation in the process. The Energy, Minerals and Natural Resources Department is requested to coordinate the group's activities and present its findings and recommendations to the appropriate interim legislative committee by November 1, 2026. The bill also calls for copies of the memorial to be sent to key state officials and organizations involved in energy and natural resources management.