As the New Mexico Public Regulation Commission moves forward with hearings on the controversial Energy Transition Act (ETA) at least one Representative is sounding warnings for ratepayers. PRC members have expressed legitimate concerns the law will force electric rates to go up on New Mexico’s families but have faced public smears from ETA supporters for standing up for ratepayers. As part of the public testimony yesterday, Representative Rod Montoya set the record straight on the PRC and ETA telling the commission: After yesterday’s hearing in Santa Fe, ETA supporters rushed to the New Mexico Supreme Court to force the PRC…

A fracking ban would be devasting to the New Mexican economy and U.S. energy industry. Yet, several Democratic presidential candidates have vowed to ban hydraulic fracturing if elected. According to a new study from the U.S. Chamber of Commerce’s Global Energy Institute (GEI): If a hydraulic fracturing ban were enacted, 27,000 jobs would be lost, $7 billion in economic activity would be eliminated, household income would drop by $2 billion, and $681 million in state and local tax revenues would be lost in New Mexico – in the first year alone. The five-year costs are even more staggering: 142,000 jobs…

Fortunately for New Mexicans, empty rhetoric doesn’t stop the energy industry from producing. In fact, the industry is exceeding expectations. The Associated Press reports: A revenue tracking report from the Legislature on Tuesday showed state general fund income of $8 billion for the fiscal year that ended June 30. That is $85 million higher than a recent forecast from state economists. Income for July and August rose $21 million over the same period in 2018, also exceeding forecasts. These results are thanks to record-breaking oil production and related construction happening in the state, and it’s leading to both job growth and…

It’s another historic delivery brought to you by New Mexico’s energy workers. According to the Energy Information Association, and reported by Yahoo Finance, the United States posted a full month as a net exporter of petroleum products for the first time since record-keeping began in 1949. Read that again: the United States is a net exporter of oil for the first time since Harry Truman was President. What is driving this historic output? New Mexico’s energy workers. “Soaring output from shale deposits led by the Permian Basin of West Texas and New Mexico has been in main driver of the…

When it comes to energy, it seems several elected Democrat leaders in New Mexico are going against policies put forth by Bernie Sanders, Elizabeth Warren and others. In a recent article, New Mexico officials were asked to respond to plans put forth by Warren and Sanders to ban oil and gas leasing on federal lands. The responses could be summed up easily: disagreement. According to the article: Nora Sackett, a spokesperson for the Governor, said Lujan Grisham planned to call on a potentially Democrat White House to adopt a more “flexible” approach to fossil fuel development allowing states to decide…