NM SM26

New Mexico Senate expresses support for state utilities participating in regional transmission organizations (RTOs), independent system operators, or voluntary energy markets to improve grid reliability and lower electricity costs

Regional energy market participation enables utilities to share generation resources across multiple states, optimize energy dispatch, and reduce redundant infrastructure costs for ratepayers

Coordinated regional markets facilitate renewable energy integration by allowing wind, solar, and hydroelectric power to flow across state lines, helping New Mexico meet its statutory decarbonization and renewable portfolio goals

Public Regulation Commission would maintain oversight of utility participation in voluntary energy markets to verify net benefits to ratepayers and ensure progress toward full market integration

Copies of the memorial to be transmitted to the governor, Public Regulation Commission, and Energy, Minerals and Natural Resources Department