The provisions of the Energy Transition Act shall not apply to a qualifying utility that makes an initial application for a financing order more than twelve years after the effective date of that act. This section shall not preclude a qualifying utility for which the commission has issued a financing order from applying to the commission for a subsequent order amending the financing order, pursuant to Section 7 [62-18-7 NMSA 1978] of the Energy Transition Act.
History: Laws 2019, ch. 65, § 23.
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.
Structure 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 62-18-7 - Financing order; irrevocability; amendments.
Section 62-18-8 - Aggrieved parties; request for rehearing; judicial review.
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 62-18-15 - Fee assessments.
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.