House Memorial 60 requests the Energy Conservation and Management Division of the Energy, Minerals and Natural Resources Department to establish a study group aimed at developing a comprehensive approach to transform buildings into flexible grid assets through electrification in New Mexico. This initiative seeks to address the increasing electricity demand and the need for grid modernization while ensuring energy affordability for residents and businesses. The study group will include various stakeholders, such as utility companies, consumer advocacy organizations, and representatives from low-income and environmental justice communities, to align efforts across utility planning, building trades, and state clean-energy goals.

The goals of the study group include identifying best practices for utility and non-utility building electrification programs, establishing consumer protections, developing financing mechanisms for technology deployment, and ensuring equitable access to programs. The group is tasked with producing a final report with recommendations for the appropriate interim legislative committee by November 1, 2026. This report will address necessary funding, proposed legislation, and strategies to enhance energy efficiency and affordability for ratepayers while integrating building flexibility with utility planning.