New Mexico HM37: RENEWABLE ENERGY FACILITIES DECOMMISSION COST

What the bill says

From the introduced text, February 2, 2026:

wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ HOUSE MEMORIAL 57TH LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 2026 INTRODUCED BY Luis M. Terrazas and Gabriel Ramos and Mark B. Murphy and Rebecca Dow and Gail Armstrong A MEMORIAL REQUESTING THE ENERGY, MINERALS AND NATURAL RESOURCES DEPARTMENT TO STUDY COSTS ASSOCIATED WITH DECOMMISSIONING SOLAR AND WIND ENERGY GENERATION FACILITIES AND TO MAKE RECOMMENDATIONS FOR REQUIRING FINANCIAL ASSURANCE FROM OWNERS AND OPERATORS OF SUCH FACILITIES. WHEREAS, New Mexico has rapidly expanded its reliance on renewable energy over the past decade, with renewable energy currently comprising nearly forty-five percent of total instate electricity generation; and WHEREAS, New Mexico ranks seventh in the nation in electricity generation from wind power, with about thirty-seven percent of net electricity generation coming from wind in 2024 alone, a sevenfold increase from 2014; and WHEREAS, solar installation has risen dramatically across .233269.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ the state since the early 2010s, with over four thousand megawatts currently installed, a number that is expected to grow significantly over the next five years; and WHEREAS, existing statutory requirements for public utilities will require eighty percent of a utility's energy portfolio to be made up of renewable energy by 2040, effectively ensuring continued rapid deployment of solar and wind energy generation facilities by …

Read the full official text

Sponsors

• Luis M. Terrazas (R, HD-039) · primary sponsor
• Gabriel Ramos (R, SD-028)
• Mark B. Murphy (R, HD-059)
• Rebecca Dow (R, HD-038)
• Gail Armstrong (R, HD-049)
• Brian G. Baca (R, HD-008)
• Nicole Chavez (R, HD-031)
• Catherine J. Cullen (R, HD-057)
• Mark Duncan (R, HD-002)
• William A. Hall II (R, HD-003)
• Jonathan A. Henry (R, HD-054)
• Jimmy G. Mason (R, HD-066)

Latest actions

1. February 2, 2026: Sent to HENRC - Referrals: HENRC
2. : Action Postponed Indefinitely

Common questions

What is HM37?

HM37 is a bill in the New Mexico Legislature (2026 Regular Session): RENEWABLE ENERGY FACILITIES DECOMMISSION COST.

What is the status of HM37?

Introduced as of February 2, 2026. Latest action: Sent to HENRC - Referrals: HENRC (February 2, 2026).

Who sponsored HM37?

Luis M. Terrazas (R, HD-039), with 11 co-sponsors.

Where is the official record for HM37?

On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=M&legNo=37&year=26