NM SB209

Requires owners/operators of renewable energy facilities (solar, wind, geothermal, hydropower, biomass, fuel cells, landfill gas) to provide financial assurance to the Energy Conservation and Management Division before commercial operation begins

Authorizes the division to establish decommissioning requirements covering equipment removal, disposal/recycling, site remediation, monitoring, and completion timelines

Acceptable forms of financial assurance include surety bonds, irrevocable letters of credit, collateral bonds, cash accounts, facility-specific insurance policies, and third-party guarantees

Creates the Renewable Energy Decommissioning Fund as a nonreverting state treasury fund to receive forfeited financial assurance and fund facility decommissioning when owners/operators fail to comply

Empowers the division to order forfeiture of financial assurance for non-compliance and to sue owners/operators in district court for indemnification when assurance proves insufficient to cover decommissioning costs