NM HB281

Requires owners/operators of solar and wind energy generation facilities to provide financial assurance (irrevocable letter of credit, cash/surety bond, or decommissioning insurance policy) as a condition of operation, with a minimum of $250,000 per facility

Facilities operating before July 1, 2026 must meet financial assurance requirements by January 1, 2028

Grants the Energy Conservation and Management Division jurisdiction over all decommissioning matters, including authority to promulgate rules for equipment removal, site remediation, monitoring, and completion timeframes

Creates the Solar and Wind Decommissioning Fund as a nonreverting state treasury fund to receive forfeited financial assurances and court judgments for use in decommissioning abandoned facilities

Authorizes the division to order forfeiture of financial assurance and bring suit in district court for indemnification when assurance proves insufficient to cover decommissioning costs