N.M. PRC considers renewable energy proposal

SANTA FE, N.M. (AP) - New Mexico regulators are considering changes to a rule that governs how much utilities must invest in renewable energy.

The Public Regulation Commission is holding a public hearing Tuesday to gather comment on the proposal backed by the commission's staff and the attorney general's office.

Advocates of the New Mexico Renewable Energy Act say some of the changes would discourage renewable energy development in the state. Supporters of the changes say customers could end up facing unreasonable electric rates if the rule isn't changed.

Under the rule, regulators capped the amount investor-owned utilities could spend on adding renewable energy to their portfolios. However, the way the costs are defined has prompted debate.

The mix of renewable resources required by the state is also a target of the proposed changes.

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