New Mexico legislation · 2026 Regular Session
New Mexico SB209: FINANCIAL ASSURANCE FOR RENEWABLE ENERGY
Status: In committee, February 2, 2026
What the bill says
An act relating to utilities; requiring financial assurance for renewable energy facilities; providing authority to manage financial assurance for renewable energy facilities; creating the renewable energy decommissioning fund.
From the introduced text, February 2, 2026:
AN ACT RELATING TO UTILITIES; REQUIRING FINANCIAL ASSURANCE FOR RENEWABLE ENERGY FACILITIES; PROVIDING AUTHORITY TO MANAGE FINANCIAL ASSURANCE FOR RENEWABLE ENERGY FACILITIES; CREATING THE RENEWABLE ENERGY DECOMMISSIONING FUND. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. [NEW MATERIAL] SHORT TITLE.--This act may be cited as the "Renewable Energy Financial Assurance Act". SECTION 2. [NEW MATERIAL] DEFINITIONS.--As used in the Renewable Energy Financial Assurance Act: A. "decommissioning" means actions taken to remove, dispose of or recycle equipment or infrastructure and remediate the site of a renewable energy facility, in accordance with rules promulgated by the division; B. "department" means the energy, minerals and .232422.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ natural resources department; C. "division" means the energy conservation and management division of the department; D. "renewable energy facility" means a facility that generates energy using the following resources, with or without (2) wind; (3) geothermal; (4) hydropower; (5) biomass; (6) fuel cells that do not use fossil fuels to create electricity; or (7) landfill gas and anaerobically digested waste biogas; and E. "site" means the land on which a renewable energy facility is or was located, including land occupied or disturbed by associated equipment, structures, access roads or facility-owned infrastructure. SECTION 3. [NEW MATERIAL] AUTHORITY OVER FINANCIAL ASSURANCE FOR RENEWABLE ENERGY FACILITIES--REQUIREMENTS …
Sponsors
- Gabriel Ramos (R, SD-028) · primary sponsor
- Leo Jaramillo (D, SD-005)
- Anthony L. Thornton (R, SD-019)
- Luis M. Terrazas (R, HD-039)
Latest actions
- : Sent to SCC - Referrals: SCC/SCONC/SFC
- : Action Postponed Indefinitely
Subjects: ENERGY & NATURAL RESOURCES, UTILITIES (sewer, electric, gas, water, telephone)
Common questions
- What is SB209?
- SB209 is a bill in the New Mexico Legislature (2026 Regular Session): FINANCIAL ASSURANCE FOR RENEWABLE ENERGY.
- What does SB209 do?
- In its own words: An act relating to utilities; requiring financial assurance for renewable energy facilities; providing authority to manage financial assurance for renewable energy facilities; creating the renewable energy decommissioning fund.
- What is the status of SB209?
- In committee as of February 2, 2026. Latest action: Sent to SCC - Referrals: SCC/SCONC/SFC (February 2, 2026).
- Who sponsored SB209?
- Gabriel Ramos (R, SD-028), with 3 co-sponsors.
- Where is the official record for SB209?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=209&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.