House Memorial 41 requests the University of New Mexico Bureau of Business and Economic Research to conduct a study on the feasibility of establishing a publicly owned electric utility in New Mexico. The resolution highlights the importance of reliable energy infrastructure for the state's residents and notes that publicly owned utilities often provide lower electricity costs and greater community investment compared to private utilities. The study will involve consultations with various state agencies and will explore necessary legal authorities, potential service area issues, and the operational needs for transitioning to a publicly owned model.

The Bureau is tasked with assessing the trends in utility ownership across the country, evaluating the strengths and limitations of different valuation methods, and identifying the expertise required for a successful transition. Additionally, the Bureau will publish a report detailing its findings and recommendations regarding the feasibility of a publicly owned electric utility, including alternatives to outright purchase. The report is expected to be presented to the relevant interim legislative committee by June 30, 2027.