N.M. And West Poised To Keep Energy Lead

N.M. And West Poised To Keep Energy Lead

Jun 29 - Albuquerque Journal

Energy is practically in the state's blood.

For well over a century, New Mexico mines and wells have churned out coal, oil, gas and uranium. The state -- many of its neighbors, too -- have long been major energy exporters. And the jobs, royalties and tax revenue generated have served as New Mexico's economic backbone for decades.

But economies shift. One looming shift will come as extractive industries run their course. These are, after all, finite natural resources.

Even before that eventuality, the costs associated with squeezing more from the ground while addressing environmental concerns will continue to climb.

A gradual transition is already under way. Western governors meeting in Santa Fe last week pledged their states to an ambitious alternative energy program. The goal: By 2015, roughly 10 percent of the 18-state region's energy production will come from sun, wind and other renewable sources. The governors -- mostly Republicans -- are laying the foundation for a new century of regional leadership.

In New Mexico, Gov. Bill Richardson has wisely made renewable energy a priority. Not only does the state have its own renewable energy goal, additional state investments in solar energy have recently been approved. The state is engaged in the early stages of developing a commercial solar power plant that would be capable of generating 50 megawatts, or enough power for 40,000 homes.

Many other projects are likely as government offers incentives and the private sector makes investments in a renewable energy future.

With leadership from both sectors, it promises to be a bright future for a region that has long been at the energy forefront.

For far more extensive news on the energy/power visit: http://www.energycentral.com .