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Did Not Advance

New Mexico Creates Wildfire Fund and Surcharges for Electric Utilities to Cover Fire Damage Claims

Original title: WILDFIRE FUND ACT

Last action · January 27, 2026: Not PrintedSponsors: Chris Chandler and 3 others

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Proposed

New Mexico establishes the Wildfire Fund Act, allowing participating electric utilities to collect customer surcharges to finance a state fund that reimburses wildfire damage claims starting in 2030. The legislation creates safety engineering positions within the Public Regulation Commission, mandates utility wildfire mitigation plans, and appropriates $2.5 million for 2027 administration.

Why it matters

Electric utilities participating in the fund must collect customer surcharges, while meeting strict wildfire mitigation standards to qualify for multi-million-dollar damage reimbursements starting in 2030.

Background
  • The State of New Mexico regulates electric utilities through the Public Regulation Commission, which oversees utility safety standards, rates, and service quality. context

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Electric utilities

Electric utilities must submit wildfire mitigation plans, collect customer surcharges, and meet eligibility criteria to qualify for wildfire claim reimbursements.

Directly affected

Public Regulation Commission

The commission is required to contract a fund administrator, promulgate rules, establish safety bureaus and engineering positions, and oversee fund operations.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

When can electric utilities start receiving disbursements from the Wildfire Fund?
No disbursements from the fund shall be made prior to 2030, and only when the fund balance is at least thirty percent of the total risk estimate for the succeeding calendar year.
How is the Wildfire Fund financed?
The fund is financed by a surcharge on electric power services collected from customers by participating electric utilities.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

This bill did not become law - Died at adjournment · introduced in the House.

Procedural history

1 action
  1. Jan 27, 2026New Mexico Legislature
    Not Printed

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift95% confidence

Establishment of Utility Wildfire Risk Pooling

The legislation shifts wildfire liability risk management into a dedicated state-supervised fund financed by customer surcharges.

Connected Entities

Peter Wirth, Javier Martínez, Public Regulation Commission and 3 more
PersonPeter Wirth“Bill cosponsor”Map →
PersonJavier Martínez“Bill cosponsor”Map →
OrganizationPublic Regulation Commission“State commission tasked with overseeing the fund, rules, and safety engineering ”Map →
PersonLinda Serrato“Bill cosponsor”Map →
locationState of New Mexico“Jurisdiction where the legislation applies”Map →
PersonChris Chandler“Bill sponsor”Map →

Sources

Open source document

www.nmlegis.gov

Analysis Score

0–100
  • Significance20
    Lowered because this bill did not pass (its text scored 75)
  • Controversy60
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz35
    Current news / social attention level

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