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Current as of January 01, 2024 | Updated by Findlaw Staff
A. The commission:
(1) shall adopt rules regarding the renewable portfolio standard, including a provision for public utility records and reports; and
(2) may require that a public utility offer its retail customers a voluntary program for purchasing renewable energy that is in addition to electricity provided by the public utility pursuant to the renewable portfolio standard, under rates and terms that are approved by the commission.
B. All renewable energy purchased by a retail customer through an approved voluntary program shall:
(1) have all associated renewable energy certificates retired by the retail customer, or on that customer's behalf, by the public utility, and the certificates shall not be used to meet the public utility's renewable portfolio standard requirements pursuant to Subsection A of Section 62-16-4 NMSA 1978;
(2) be excluded from the total retail sales to New Mexico customers used to determine the renewable portfolio standard requirements pursuant to Subsection A of Section 62-16-4 NMSA 1978; and
(3) not be subject to charges by the public utility to recover costs of complying with the renewable portfolio standard requirements pursuant to Subsection A of Section 62-16-4 NMSA 1978.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 62. Electric, Gas and Water Utilities § 62-16-7. Commission; powers and duties; voluntary programs - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-62-electric-gas-and-water-utilities/nm-st-sect-62-16-7/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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