HB305 • 2026

STUDY PUBLICLY OWNED ELECTRIC UTILITY

Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor: Representative Patricia Roybal Caballero
Last action
Official status: [5] HENRC/HAFC-HENRC API.
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

STUDY PUBLICLY OWNED ELECTRIC UTILITY

What This Bill Does

STUDY PUBLICLY OWNED ELECTRIC UTILITY

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-02-04 New Mexico Legislature
Sent to HENRC - Referrals: HENRC/HAFC
New Mexico Legislature
Action Postponed Indefinitely

Official Summary Text

STUDY PUBLICLY OWNED ELECTRIC UTILITY

Current Bill Text

Read the full stored bill text

HB0305

HOUSE BILL 305

57th legislature - STATE OF NEW MEXICO - second session, 2026

INTRODUCED BY

Patricia Roybal Caballero

AN ACT

MAKING AN APPROPRIATION TO THE BOARD OF REGENTS OF THE
UNIVERSITY OF NEW MEXICO FOR THE BUREAU OF BUSINESS AND
ECONOMIC RESEARCH TO CONDUCT A STUDY TO DETERMINE THE GENERAL
FEASIBILITY OF CREATING A PUBLICLY OWNED ELECTRIC UTILITY.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

SECTION 1.
APPROPRIATION.--One hundred fifty thousand
dollars ($150,000) is appropriated from the general fund to the
board of regents of the university of New Mexico for
expenditure in fiscal year 2027 for the bureau of business and
economic research to study the general feasibility of state
acquisition and operation of an electric utility for the
purpose of creating a publicly owned electric utility. Any
unexpended balance remaining at the end of fiscal year 2027
shall revert to the general fund.