Anatomy of a Grid Modernization. Transmission & Distribution Bill.

Where? New Mexico

What? HB 233 (2020 | NM)

3 Goals of the bill:

• New distribution to move solar and wind energy to urban areas for consumption
• Ease transition to a carbon-free network
• 21st century technology for real-time connections and communication for both software & hardware

2 Methods of Funding:

• Recover costs through rate riders or in base rates
• Grant based to help public entities such as municipalities, counties, state agencies, public schools, higher education institutions, and Native American tribes to finance proposed modernization projects

Governing | Bill That Would Modernize Electric Grid Awaits Signature