Governor applauds floor passage of landmark energy legislation
SANTA FE – Gov. Michelle Lujan Grisham on Wednesday issued the following statement after the New Mexico Senate, with a decisive bipartisan vote, approved the Energy Transition Act, landmark legislation to transform the energy landscape in New Mexico and accelerate the state’s push toward the front lines of climate-conscious governance.
“The Energy Transition Act is the work product of many, many months and many important stakeholders,” Gov. Lujan Grisham said. “The result is a groundbreaking push toward the clean energy future New Mexico should and indeed must have. We can be a global leader. With this legislation, our priorities are planted front and center, and, crucially, we do not leave our neighbors in San Juan County behind.”
Senate Bill 489 transitions New Mexico away from coal and toward clean energy, ensuring greater renewable energy production and reducing costs for consumers while providing tens of millions of dollars of economic and workforce support for communities impacted by coal plant closures, as well as the development of renewable replacement power in San Juan County. Senate Bill 489 raises New Mexico’s renewable portfolio standard to 50 percent by 2030 and 80 percent by 2040, in addition to requiring 100 percent carbon-free energy by 2045 for investor-owned utilities.
Developed over the course of a year with collaboration by community organizations, unions, energy groups and advocates, the Energy Transition Act will establish New Mexico as a national leader in clean energy.