From
businessweek.com - New Mexico legislation signed by Gov. Susana Martinez clears the way for government entities to invest in their own renewable energy systems, rather than pay utilities to purchase renewable energy for them. The law creates a new development incentive by exempting certain entities from renewable energy procurement charges on their utility bills if they have their own generation systems, whether it's solar panels or a biogas plant. In return, the entities will spend 2.5 percent of their annual electricity charges to develop or reinvest in their own systems. They must also give up any renewable energy certificates, or RECs, related to the systems. More
News New Mexico
New NM Law Clears Way For Renewable Energy
From businessweek.com - New Mexico legislation signed by Gov. Susana Martinez clears the way for government entities to invest in their own renewable energy systems, rather than pay utilities to purchase renewable energy for them. The law creates a new development incentive by exempting certain entities from renewable energy procurement charges on their utility bills if they have their own generation systems, whether it's solar panels or a biogas plant. In return, the entities will spend 2.5 percent of their annual electricity charges to develop or reinvest in their own systems. They must also give up any renewable energy certificates, or RECs, related to the systems. More News New Mexico
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