New Mexico becomes latest state to adopt renewable portfolio standard
The New Mexico Public Regulation Commission has established
a renewable
portfolio standard, effective July 1, 2003, to promote the
use and development of renewable energy in the state.
The rule requires any investor-owned utility generating or selling electric energy for consumption in New Mexico to include at least 5 percent renewable energy in its portfolio by January 1, 2006. The standard must increase by a minimum of 1 percent each year thereafter, until renewable energy comprises 10 percent of the portfolio in 2011.