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 classified as fossil fuel energy, thereby allowing it to be recognized as a renewable energy source.

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 broadening the scope of renewable energy resources, the bill aims to promote a more diverse energy portfolio while supporting the state's transition towards cleaner energy solutions.

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