Thursday, February 18, 2016

USA, New Mexico: Legislation will Simplify Development of Geothermal Energy and Encourage Use

New Mexico Passes Bill Designed To Boost Geothermal Energy (KRWG)

Senator Ron Grigg
Senator Ron Grigg’s SB 223 passed both Senate and House is on its way to the Governor for action. SB 223 is a  bill that reorganizes and cleans up the state’s current laws concerning geothermal. It creates the Geothermal Resources Development Act and repeals the Geothermal Resources Conservation Act.

“New Mexico is rich in geothermal resources, my bill will help to simplify the development of this “green” resource and encourage its use,” Senator Griggs said. “It is a good bill for New Mexico and opens the door for more economic development.”

If it becomes law, the new Act transfers duties to regulate geothermal resources from the Oil Conservation Division to the Energy Conservation Management Division of the Energy, Minerals, and Natural Resources Department.