This is the third in a series focusing on the long-term economic and social issues facing Farmington, New Mexico, and surrounding areas. As a region that has rich and diverse opportunities but generally relies on extractive industries economically, the whole area is facing uncertainty as the coal-burning San Juan Coal Generating Station closes its doors and oil jobs are moving to the southeast part of the state to capitalize on the Permian boom happening right now. In today’s piece, we’ll be looking at complementary legislation that needs to be implemented in the state to ensure areas like Farmington can continue to thrive well into the future. Last week we looked specifically at how securitization could help PNM recoup its costs as it transitions from coal-generated power to renewable sources, while also helping the Four Corners area transition to a new and more diverse economy. The second part of that prospect though is ensuring that utilities like PNM actually DO get their power from renewable sources, like wind and solar, by legislating what is known as a “Renewable Portfolio Standard,” which spells out exactly how much energy must be derived from renewable sources and by when. A quick aside here on language for this piece: Renewable energy in the broad sense is energy created from clean sources like solar or wind as opposed to energy from fossil fuels like coal, natural gas, or oil.