New Mexico Statutes
Article 18 - Energy Transition
Section 62-18-1 - Short title.

Sections 1 through 23 [62-18-1 to 62-18-23 NMSA 1978] of this act may be cited as the "Energy Transition Act".
History: Laws 2019, ch. 65, § 1.
Effective dates. — Laws 2019, ch. 65 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 14, 2019, 90 days after the adjournment of the legislature.

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Structure New Mexico Statutes

New Mexico Statutes

Chapter 62 - Electric, Gas and Water Utilities

Article 18 - Energy Transition

Section 62-18-1 - Short title.

Section 62-18-2 - Definitions.

Section 62-18-3 - Location of resource development after abandonment.

Section 62-18-4 - Financing order; application contents; pending applications.

Section 62-18-5 - Financing order; issuance; terms of bonds; reports to commission of disbursement of bond proceeds; review and audit of records.

Section 62-18-6 - Adjustment mechanism; adjustment procedures; hearing procedures if commission determines adjustment made in error.

Section 62-18-7 - Financing order; irrevocability; amendments.

Section 62-18-8 - Aggrieved parties; request for rehearing; judicial review.

Section 62-18-9 - Conditions that keep financing orders in effect and energy transition charges imposed.

Section 62-18-10 - Qualifying utility duties.

Section 62-18-11 - Commission treatment of energy transition bonds.

Section 62-18-12 - Energy transition property; energy transition revenues.

Section 62-18-13 - Security interests; creation of security interest; priority over other liens; attachment on filing with secretary of state.

Section 62-18-14 - Sale of energy transition property; perfecting interests; absolute transfer and true sale requirements.

Section 62-18-15 - Fee assessments.

Section 62-18-16 - Energy transition Indian affairs fund; energy transition economic development assistance fund; energy transition displaced worker assistance fund; community advisory committee.

Section 62-18-17 - Energy transition bonds not public debt.

Section 62-18-18 - Energy transition bonds as legal investments.

Section 62-18-19 - State pledge not to impair.

Section 62-18-20 - Choice of law.

Section 62-18-21 - Conflicts.

Section 62-18-22 - Validity on actions if act held invalid.

Section 62-18-23 - Applicability.