Transmission line expansion bill passes Senate without opposition

A bill aimed at expanding powerline infrastructure in the state easily passed the Senate floor unanimously on Tuesday after a short debate. HB 50 would make transmission line projects eligible for Industrial Revenue Bonds (IRBs) issued by counties and municipalities. Republican Sen. Steven Neville of Farmington presented the bill on the floor Tuesday. “This is an amendment to the Industrial Revenue Bond procedure and acts that we have in our statute that allows private powerlines, primarily related to renewable energy projects, to allow them to participate in the IRB process,” Neville said. “It’s not for PNM or any of the public utilities.

Solar tax credit, transmission line bills advance in the Senate

Two clean energy bills cleared the Senate Finance committee on Friday: A bill that would expand power line infrastructure throughout the state, and a bill that would reinstate a solar tax credit that expired in 2016. Gov. Michelle Lujan Grisham has voiced support for both bills. There were two versions of the transmission line proposal, one in the House and one in the Senate. But Republican Sen. Steven Neville presented HB 50 to the committee instead of his own version of the proposal, SB 6, on Friday. “This one’s farther along,” Neville told committee members.