STUDY PUBLICLY OWNED UTILITY

This memorial requests the University of New Mexico Bureau of Business and Economic Research to study whether New Mexico could create a publicly owned electric utility. The study would examine legal requirements, financial considerations, transition planning from current providers, and comparisons with states like Nebraska and Tennessee that operate public utilities. It would assess potential benefits, such as community reinvestment and clean energy use, while analyzing challenges like labor transitions and regulatory frameworks. The bureau must report findings to lawmakers by June 2027, but the memorial itself does not create a utility or change current energy policies.