Senate Memorial 26 requests the New Mexico Senate to support the participation of New Mexico utilities in regional transmission organizations and voluntary energy markets. The bill emphasizes the importance of regional coordination in enhancing the reliability and affordability of electricity service, ensuring that residents have dependable access to power, and facilitating the state's energy transition. It highlights the economic benefits of participating in regional energy markets, such as lower electricity costs for consumers, improved grid reliability, and the integration of renewable energy resources.

The memorial outlines the critical role of regional market structures in promoting competition, transparency, and efficient investment in the electric grid. It asserts that participation in voluntary energy markets, under the oversight of the public regulation commission, is a vital step toward full market integration, allowing utilities to gain operational experience and build trust in regional collaboration. The resolution calls for the support of New Mexico utilities in these markets to advance statewide energy goals while ensuring accountability and protecting the interests of ratepayers.