Geo Thermal Moving Ahead
The New Mexico House and Senate have passed a bill that, if signed by Gov. Susana Martinez, will encourage additional geothermal development in the state. Full Article
The New Mexico House and Senate have passed a bill that, if signed by Gov. Susana Martinez, will encourage additional geothermal development in the state.
The bill (SB 223), which was introduced by New Mexico Sen. Ron Griggs, creates the Geothermal Resources Development Act and repeals the Geothermal Resources Conservation Act.
The House approved the bill on Feb. 14, and the Senate approved the bill on Feb. 16. The bill was sent to the governor for her signature.
According to the Legislative Finance Committee’s Feb. 16 Fiscal Impact Report, SB 233 shifts the authority to regulate the development and conservation of geothermal resources from New Mexico Energy, Minerals and Natural Resources Department’s (EMNRD) Oil Conservation Division to the Energy Conservation and Management Division (ECMD). It grants ECMD the authority to establish regulations governing geothermal resources and provides for administrative penalties for violations of any new regulations.