Governor: Senate Bill 489 demonstrates our commitment to clean-energy leadership
SANTA FE – Gov. Michelle Lujan Grisham on Monday issued the following statement after the New Mexico House approved Senate Bill 489, landmark legislation that will aggressively transition New Mexico toward renewable energy sources and establish the state as a national leader in climate-conscious governance. The Senate overwhelmingly approved the legislation with bipartisan support March 6.
“The Energy Transition Act is a promise to future generations of New Mexicans,” Gov. Lujan Grisham said. “When we were presented the chance to move toward cleaner sources of energy, we took it, boldly charting a course to a carbon-free future, permanently centering our commitment to lower emissions and setting an example for other states. Crucially, this legislation does not leave our neighbors in San Juan County behind, as we will provide millions for trainings and economic development.”
Senate Bill 489 ensures greater renewable energy production 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.
The legislation 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.