- Associated Press - Friday, March 10, 2017

SANTA FE, N.M. (AP) - A proposal to ramp up renewable energy requirements at New Mexico’s investor owned utilities and cooperatives through the year 2040 has been voted down by a Senate committee, ending chances for approval this year.

The Senate Corporations Committee voted 5-3 Friday against a plan to gradually increase the share of electricity generated from solar, wind and other renewable sources to 80 percent of supplies for utilities.

Senate bill sponsor Mimi Stewart of Albuquerque criticized Democratic Senate colleagues Mary Kay Papen and Clemente Sanchez for voting against the bill with Republicans.

Portfolio standards requiring utilities to sell a specific percentage or amount of renewable electricity have been adopted in 29 states, helping drive the nation’s multi-billion dollar solar and wind markets. New Mexico’s standard is set for 20 percent by 2020.

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