Measure to revamp utility regulation in New Mexico advances
Added 02-13-20 03:03:01pm EST - “A proposal that calls for reshaping the administrative structure of a powerful regulatory panel that oversees New Mexico utilities and other businesses is headed to the House floor for consideration.” - Washingtontimes.com
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SANTA FE, N.M. (AP) - A proposal that calls for reshaping the administrative structure of a powerful regulatory panel that oversees New Mexico utilities and other businesses is headed to the House floor for consideration.
The measure has the support of business groups and key Democratic legislative leaders who say revamping the Public Regulation Commission will help insulate the staff from political considerations and reduce turnover.
The move to reorganize the commission comes as the state begins to implement a 2019 landmark energy law that involves the closure of a major coal-fired power plant and the economic pains that will come along with that as well as new renewable energy mandates that call for investor-owned utilities to be carbon-free by 2045.
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Under the proposal, administration of the panel would be moved under the state Regulation and Licensing Department and commissioners would select their chief of staff from a list of qualified candidates provided by the governor.
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