2018

CVNM Conservation Scorecard – Conservation Voters New Mexico

SB 47 PR

Energy Redevelopment Bonds

SB 47 PR
Energy Redevelopment Bonds

CVNM Position:
Oppose
Sponsor(s):
Issue(s):
,
Legislative Info:
SB 47 on nmlegis.gov »

Description

SB 47 would have allowed a qualifying public utility to seek a financial order from the PRC allowing it to issue “energy redevelopment bonds” to offset the costs of abandoning a coal-fired energy generating facility and replacing it with other energy generating facilities, and established that the cost of those bonds may be passed through to the utilities’ customers. It would have allowed PNM to recoup 100% of the cost of the coal-fired San Juan Generating Station, would not have required them to replace its function with a facility using renewable energy, and would have allowed them to pass costs on to ratepayers. The measure also represented a significant end-run around the PRC, the body intended to regulate electric utilities. SB 47 was replaced by a Senate Conservation Committee sub. The sub included ambitious renewable energy targets, but continued to fall short on guarantees of ratepayer protection, PRC review, closure of the coal plant, and protection of free market competition in the renewable energy sector. HB 325, a dummy bill, was filed late in the session and attempted to address some of the issues addressed in SB 47. To read more about HB 325, visit our website at www.CVNM.org.

Outcome

SB 47 died in the Senate Conservation Committee.

How to use the table below

How legislators voted on SB 47

Legislator Party District Counties Office Latest Score Lifetime Score Legislative Link Position Email Address Home Phone Office Phone Address Vote
Candelaria , Jacob R. D 26 Bernalillo Senator 78% 81% View on nmlegis.gov » jacob.candelaria@nmlegis.gov 505-847-5079 3608 Ladera Dr. NW
Albuquerque, New Mexico 87120
-
Cervantes , Joseph D 31 Doña Ana Senator 98% 86% View on nmlegis.gov » joseph@cervanteslawnm.com 575-522-3352 575-526-5600 2610 S Espina
Las Cruces, New Mexico 88001
+
Griggs , Ron R 34 Doña Ana, Eddy, Otero Senator 37% 37% View on nmlegis.gov » ron.griggs@nmlegis.gov 575-439-1331 2704 Birdie Loop
Alamogordo, New Mexico 88310
-
Martinez , Richard C. D 5 Los Alamos, Rio Arriba, Sandoval, Santa Fe Senator 59% 61% View on nmlegis.gov » richard.martinez@nmlegis.gov 505-747-2337 P.O. Box 762
Espanola, New Mexico 87532
-
McSorley , Cisco D 16 Bernalillo Senator 95% 98% View on nmlegis.gov » cisco.mcsorley@nmlegis.gov 505-266-0588 505-266-0588 415 Wellesley Pl. NE
Albuquerque, New Mexico 87106
+
Montoya , Rod R 1 San Juan Representative 17% 13% View on nmlegis.gov » House Minority Whip roddmontoya@gmail.com 505-360-1510 4902 Camaron Ave.
Farmington, New Mexico 87402
-
Neville , Steven P. R 2 San Juan Senator 57% 38% View on nmlegis.gov » steven.neville@nmlegis.gov 505-327-5460 P.O. Box 1570
Aztec, New Mexico 87410
-
Payne , William H. R 20 Bernalillo Senator 42% 29% View on nmlegis.gov » Senate Minority Whip william.payne@nmlegis.gov 505-986-4702 P.O. Box 14823
Albuquerque, New Mexico 87191
-
Soules , William P. D 37 Doña Ana Senator 95% 96% View on nmlegis.gov » bill.soules@nmlegis.gov 575-640-0409 5054 Silver King
Las Cruces, New Mexico 88011
+
Stefanics , Elizabeth "Liz" D 39 Bernalillo, Lincoln, San Miguel, Santa Fe, Torrance, Valencia Senator 98% 98% View on nmlegis.gov » liz.stefanics@nmlegis.gov 505-471-7643 505-699-4808 P.O. Box 720
Cerrillos, New Mexico 87010
+
Wirth , Peter D 25 Santa Fe Senator 100% 100% View on nmlegis.gov » Senate Majority Floor Leader peter.wirth@nmlegis.gov 505-989-8667 505-988-1668 708 Paseo de Peralta
Santa Fe, New Mexico 87501
+
Woods , Pat R 7 Curry, Quay, Union Senator 20% 24% View on nmlegis.gov » pat.woods@nmlegis.gov 575-357-8594 4000 C.R. M
Broadview, New Mexico 88112
-