Transcript Highlights:

• of duplicate requests on onsite backup generation, as well as requirements for curtailment during energy
• any of these new large loads seek to co-locate with an existing generation facility to meet their energy
• Liberty Power Innovations is a subsidiary of Liberty Energy and Energy Services Company, founded in 2011
• Registered on behalf of Texas Energy Buyers Alliance, neutral on the bill, is that correct?
• Give me financing for a new generation." Stealing the ground, right?

Bills: SB6 , SB11 , SB33

Committee: House State Affairs

Transcript Highlights:

• John Tol, finance director at Perpich. >> Betsy Anderson, communications director.
• Um, maybe your finance director needs to take a look at that. [laughter] Mr. YouTube.
• It reduces energy consumption. It saves operating costs. And it reduces our carbon footprint.
• It reduces energy<00:47:44.079><c> consumption.
• It saves operating energy consumption.

Committee: Senate Capital Investment

Transcript Highlights:

• Uh what is the reason uh Uh finance?
• </c> referred to the Committee on Finance. referred to the Committee on Finance.
• Energy Information Administration.
• &gt;&gt; If if I may add, waste-to-energy, as &gt;&gt; If if I may add, waste-to-energy, as Greg<01:41
• </c> waste-to-energy can produce. waste-to-energy can produce.

Committee: Senate Agriculture, Veterans, Broadband, and Rural Development

Transcript Highlights:

• Senate Bill 19 is the school finance unit value.
• Senate Bill 19 is the school finance unit value.
• This same provision was in the Energy Transition Act, and Mr.
• We worked so hard to produce the energy needed for this state and for other To produce the energy needed
• Committee. ...Appropriations and Finance Committee.

Bills: HM3 , HM11 , HM14 , HM15 , HM21 , HM25 , HB9 , SB2 , SB19

Transcript Highlights:

• I appreciate the invitation to this meeting of the Finance Committee.
• I couldn't be more excited about what's happening in energy today.
• Okay, because data centers consume an incredible amount of energy. They're very energy efficient.
• We're having to generate huge amounts of energy.
• Those chips are more energy efficient and computationally capable.

Transcript Highlights:

• In addition, the groins being composed of rock, they absorb a lot of wave energy.
• In addition, the groins being composed of rock, they absorb a lot of wave energy.
• In addition, the groins being composed of rock, they absorb a lot of wave energy.
• In addition, the groins being composed of rock, they absorb a lot of wave energy.
• As opposed to the lot of wave energy.

Bills: SCR8 , SCR40 , SCR83 , SCR179 , SCR90 , SCR94 , SCR159 , SCR165 , SCR177

Committee: House Water & Land

Summary: The committee heard several resolutions related to water, coastal management, and permitting. Early measures included SCR 8 on faster county action for certain home-modification permits for older adults and people with disabilities, SCR 40 on banning disposable body boards, SCR 83 on creating a lithium-ion battery disposal facility, SCR 179 on enforcing Maui fire-code provisions for brush clearance and emergency access, and SCR 90 on kupuna-friendly permit requirements. No testifiers were present for those measures, and the chair moved through them without taking votes in the portion provided. The most extensive discussion was on SCR 94, endorsing Waikiki as a world surfing reserve, and SCR 159, urging shared guiding principles for restoring and maintaining Waikiki’s beaches and shoreline. University of Hawaii testimony said the surfing-reserve designation would bring recognition, could help attract grants, and would require a stewardship committee and management plan, but would not itself block beach nourishment or shoreline restoration. Members asked about possible effects on dredging, beach nourishment, and shoreline structures; the witness said impacts on surfing were not expected to be immediate or significant. For SCR 159, the Office of Planning and Sustainable Development supported the resolution but requested clarifying amendments to broaden references to law, stakeholder collaboration, and coastal science expertise. The Waikiki Beach Special Improvement District Association also supported the measure, emphasizing coordinated maintenance, public access, and the economic importance of Waikiki beaches, while noting that existing legal agreements and court decisions should be reflected in the resolution. The discussion also covered whether the state and private owners share repair and maintenance obligations for Waikiki seawalls; testimony said existing agreements remain relevant but must yield to current law. The committee also heard SCR 165 designating March as Water Month, with support from the Board of Water Supply and others, and SCR 177 requesting DAGS to convene a cooperative working group on state projects needing county permits. Mary Alice Evans said the latter would help expedite permitting, especially for housing and other state projects, and would complement efforts to standardize county permitting processes. No final votes or dispositions were announced in the excerpt provided.

Transcript Highlights:

• by Huffman relating to the creation of the Dementia Prevention and Research Institute of Texas to Finance
• relating to the allocation of certain constitutional transfers of money to certain funds and accounts to Finance
• by Huffman relating to distribution of state traffic fine revenue received by the Comptroller to Finance
• taxes for certain aircraft components and other property required for normal aircraft operations to Finance
• Senate Bill 1105 by Parker relating to the establishment of the Texas Advanced Nuclear Energy Authority

Bills: SJR36 , SB26 , SJR3 , SJR48 , SJR50 , SJR51 , SCR15 , SCR17 , SB3 , SB5 , SB12 , SB18 , SB1001 , SB1002 , SB1003 , SB1004 , SB1005 , SB1006 , SB1007 , SB1008 , SB1009 , SB1010 , SB1011 , SB1012 , SB1013 , SB1014 , SB1015 , SB1016 , SB1017 , SB1018 , SB1019 , SB1020 , SB1021 , SB1022 , SB1023 , SB1024 , SB1025 , SB1026 , SB1027 , SB1028 , SB1029 , SB1030 , SB1031 , SB1032 , SB1033 , SB1034 , SB1035 , SB1036 , SB1037 , SB1038 , SB1039 , SB1040 , SB1041 , SB1042 , SB1043 , SB1044 , SB1045 , SB1046 , SB1049 , SB1050 , SB1051 , SB1052 , SB1053 , SB1054 , SB1055 , SB1056 , SB1057 , SB1058 , SB1059 , SB1060 , SB1061 , SB1062 , SB1063 , SB1064 , SB1065 , SB1066 , SB1067 , SB1068 , SB1069 , SB1070 , SB1071 , SB1072 , SB1073 , SB1074 , SB1075 , SB1076 , SB1077 , SB1078 , SB1079 , SB1080 , SB1081 , SB1082 , SB1083 , SB1084 , SB1085 , SB1086 , SB1087 , SB1088 , SB1089 , SB1090 , SB1091 , SB1092 , SB1093 , SB1094 , SB1095 , SB1096 , SB1097 , SB1098 , SB1099 , SB1100 , SB1101 , SB1102 , SB1103 , SB1104 , SB1105 , SB1106 , SB1107 , SB1108 , SB1109 , SB1110 , SB1111 , SB1112 , SB1113 , SB1114 , SB1115 , SB1116 , SB1117 , SB1118 , SB1119 , SB1120 , SB1121 , SB1122 , SB1123 , SB1124 , SB1125 , SB1126 , SB1127 , SB1128 , SB1129 , SB1130 , SB1131 , SB1132 , SB1133 , SB1134 , SB1135 , SB1136 , SB1137 , SB1138 , SB1139 , SB1140 , SB1141 , SB1142 , SB1143 , SB1144 , SB1145 , SB1146 , SB1147 , SB1148 , SB1149 , SB1150 , SB1565

Summary: The Senate met briefly and referred a large number of first-reading bills and resolutions to standing committees. The measures covered a wide range of topics, including hemp regulation, dementia research funding, parental rights and public education, municipal library funding, tax and local government issues, criminal justice, health care, education, transportation, natural resources, and election law. Several constitutional resolutions were also referred, including proposals related to the Dementia Prevention and Research Institute of Texas and a severance tax revenue fund. Most of the transcript consists of the reading of bill captions and committee referrals, with no substantive debate or testimony recorded. The listed measures included proposals on school uniforms, charter schools, Medicaid fraud remedies, insurance practices, occupational licensing for people with criminal convictions, water and sewer utility cybersecurity, agricultural protections, public meeting broadcasting, and various local and state governance matters. No votes were taken on the bills in this segment. The only formal action reflected was referral of the bills and resolutions to the appropriate committees, followed by adjournment of the Senate until the next scheduled meeting.

Transcript Highlights:

• Well, likewise, this bill represents kind of the future of energy.
• Well, likewise, this bill represents kind of the future of energy.
• Commission, including the Integrated Energy Policy Report and the Energy Commission study on firm power
• This is a due pass as amended to the Utilities and Energy Committee.
• The EU has stopped climate finance or green finance for new incinerators.

Summary: The committee heard a series of bills focused on environmental policy, public infrastructure, housing, and energy. AB 1812, dealing with compostable plastics and compost contamination, drew strong support from farmers, composters, counties, cities, and waste companies, while manufacturers and compostable-product companies opposed it unless amended, arguing it would undermine compostable packaging and SB 54 goals. AB 2216 to expand the Delta Conservancy’s service area also received broad support and no opposition. AB 2481, which would allow leftover glass quality incentive funds to support recycled glass used in fiberglass insulation and other products, was supported by insulation manufacturers, recyclers, and waste advocates and passed with no opposition. AB 2152, streamlining fire station construction and tying CEQA relief to project labor agreement requirements, was supported by firefighters and construction trades but opposed by contractors and wildlife groups over the PLA mandate and environmental review provisions; the committee discussed amendments and sent it forward. AB 1536, the Save Our Shores Act, aimed at offshore oil and gas safety and decommissioning, was supported by coastal and environmental groups and opposed by the petroleum industry, with members debating pipeline safety, drilling risks, and carbon intensity before advancing the bill. AB 1849, a study bill on decarbonized gaseous fuels, split supporters from hydrogen, bioenergy, and propane interests against environmental and justice groups who said it favored biomethane and hydrogen without clear definitions; the author said it was only a study measure, and it moved ahead. AB 1732, which would expand CEQA streamlining for public university and community college housing projects, was backed by students, UC representatives, housing advocates, and labor, with no opposition heard; members raised concerns about environmental impacts and evacuation planning, but the bill was approved. Several measures were taken on consent and others were held open for absent members or quorum issues, with multiple bills receiving due pass recommendations as amended.

Transcript Highlights:

• </c> has to do with the international energy has to do with the international energy con<00:53:41.040
• ><00:53:58.000><c> 2038</c> reduction in annual energy cost by 2038 reduction in annual energy cost by
• Energy Conservation Code.
• ><c> National</c><00:57:05.760><c> Energy</c><00:57:06.160><c> Conservation</c> with the National Energy
• </c> school educational fi finance. school educational fi finance.

Transcript Highlights:

• Since 2020, it has increased clean energy employment.
• Higher energy bills driven by wildfires and heat waves. climate change is austerity, higher energy bills
• Since 2020, it has increased clean energy employment.
• Do they help bring down the cost of clean energy and transportation?
• The rapid growth of energy storage systems presents a major opportunity.

Summary: The committee held an informational hearing on California’s industrial policy and manufacturing, with opening remarks emphasizing the state’s large manufacturing base, the need to retain and scale advanced manufacturing in California, and the tension between economic growth, climate goals, labor standards, permitting, and energy reliability. Senators and witnesses repeatedly noted that California has strong innovation assets, but companies often face uncertainty around regulation, power availability, and the cost of expanding here, leading some to locate manufacturing elsewhere. Senator Wahab highlighted Fremont as a major manufacturing hub and stressed apprenticeship pathways, community college partnerships, and good-paying jobs for both college-educated and non-college workers. California Forward’s Agon Turplin and Jake Higden argued for a durable statewide regional economic development system with ongoing funding, regional strategic plans, and sector-specific roadmaps. They said California Jobs First and related regional planning efforts created useful infrastructure, but the system remains fragmented and one-time funded. Higden focused on “green industrial policy,” especially batteries, bioeconomy, and other clean manufacturing sectors, arguing California often funds R&D but loses the manufacturing scale-up phase to other states. Priyanka Mohanti of the Center for Manufacturing a Green Economy said climate policy must be paired with industrial policy so Californians can actually benefit from the transition through affordable clean products, good jobs, and domestic supply chains. She pointed to international examples such as India, Brazil, and China, and urged tools like public investment, procurement, loan guarantees, and supply-chain planning. Industry witness Josh Richmond, drawing on experience at Bloom Energy and Cy Quantum, said energy and economic development are inseparable and that “time to power” is often decisive in site selection. He argued California needs better coordination among the state, utilities, universities, national labs, and economic development agencies, and that the state should be more proactive and creative in helping strategic industries scale. Committee members discussed the role of high energy costs, regulatory burdens, K-12 education, and cap-and-trade, with Senator Niello raising concerns about business climate, education outcomes, and the cost impacts of climate regulations. Witnesses responded that California should balance regulation with benefits, and that regional coordination and state partnership can help companies navigate red tape and stay in-state. The second panel, from labor, supported a worker-led industrial policy. Sarah Flox of the California Labor Federation said manufacturing jobs can be good jobs only when paired with labor standards, apprenticeship pipelines, and public support tied to worker protections. Tom Hincey of UAW Region 6 said California should use public financing, procurement, off-take agreements, and, where appropriate, public ownership or equity stakes to localize supply chains and create union jobs in batteries, offshore wind, and heat pumps. The final panel featured Fremont economic development director Donovan Lazaro, who said Fremont has become California’s top manufacturing city by preserving industrial land, allowing by-right zoning, reducing permitting delays, and building in-house technical expertise to support advanced manufacturers. He said the city’s approach has helped double its manufacturing workforce and strengthen its tax base. No votes were taken; the hearing was informational and ended with committee members indicating they would continue working on follow-up legislation and coordination efforts.

Transcript Highlights:

• the use of natural gas to fuel our energy needs.
• There's only about 5 to 10% energy loss from that.
• energy transfer.
• Typically, when energy is the cheapest to produce store that energy and then deploy that energy on to
• But putting in the day we need energy.

Transcript Highlights:

• Chair, Madam Vice Chair, and the Legislative Finance Committee here joining us and so we want to welcome
• 4 sectors, um, as, uh, first identified in House Bill 20, which are advanced computing, advanced energy
• support of the legislature, we were able to grow to offer 4 grants total, um, piloting the Advanced Energy
• the Quantum Technologies Award as well as funding for pilot and demonstration projects in advanced energy
• program and uh we also have uh a new space center that we're excited that the OERF, um, the New Mexico Finance

Transcript Highlights:

• There is a Finance Committee amendment. Mr.
• finance districts, recommends the bill be amended as follows.
• The chairman, I move the Finance Committee amendment be adopted to HB 2999.
• All right, let’s move the Mesnard floor amendment to the Finance amendment.
• Senator Mesnard, to the Finance Chairman: I move that the Finance Committee amendment to the House bill

Summary: The Senate met in floor session, opened with prayer and the Pledge, and then moved through several Committee of the Whole calendars considering a range of House bills and one concurrent resolution. On the first calendar, members considered HB 2192 on employment/video content matters of public concern, HB 2592 on government information technology and AI-related rulemaking, HB 2752 on the Arizona Commerce Authority trade office, HB 2916 on traffic schools and fingerprint clearance, and HB 2946 on development fees. Amendments were adopted on HB 2192, HB 2592, HB 2916, and HB 2946; HB 2752 received a Mesnard amendment, but an Epstein amendment failed on division after a 7-14 vote. All of those bills were reported out do pass, with HB 2752 retained on the calendar after amendment consideration. The Committee of the Whole report was adopted. On later calendars, the Senate advanced HB 2918, HB 2999 on infrastructure finance districts/special taxing districts, HB 1418 on county officers/sheriff authority, HCR 259 supporting county sheriffs, HB 2035 on child welfare placement/reporting, HB 241 on child neglect, HB 2594 on court trust confidentiality, HB 2932 on groundwater transportation fees, HB 2109 on distracted driving penalties for motorcycles, HB 2118 on mobile food vendor licenses, HB 2244 on eviction satisfaction of judgment, HB 4011 on HOA duties, and HB 2440 on a transition program. Several bills were amended, including HB 2999, which drew discussion about tax rates, bond coverage, and infrastructure district financing; an Epstein objection focused on homeowner cost uncertainty, but the bill ultimately advanced. HB 2035, HB 2594, HB 2932, HB 2109, HB 2118, HB 2244, HB 4011, and HB 2440 all received do pass recommendations, with some technical or conforming amendments adopted along the way. The Senate also adopted a proclamation recognizing Embry-Riddle Aeronautical University on its centennial anniversary and welcomed university representatives and students in the gallery. The chamber granted the House’s request to return SB 1113 for further amendment and appointed free conference committees for HB 2133 and HB 2010. Final third-reading votes passed HB 2592, HB 2916, HB 2946, and HB 2999, with recorded roll-call results showing HB 2592 passed 16-9 with 11 not voting, HB 2916 passed 26-1 with 3 not voting, HB 2946 passed 27-0 with 3 not voting, and HB 2999 passed 21-6 with 3 not voting. The Senate then adjourned until the next day.

Transcript Highlights:

• The Assembly Banking and Finance Committee is now called to order.
• options before the financing provider is ready to present a specific offer.
• That were not regulated under the department's existing financing laws.
• The Assembly Banking and Finance Committee has adjourned.
• Assembly Banking and Finance Committee has adjourned. Banking and Finance Committee has adjourned.

Summary: The Assembly Banking and Finance Committee met to hear several bills focused on consumer and small business financial protections. SB 97, by Senator Grayson, would update and clarify California’s digital financial assets law; supporters from the blockchain industry and consumer groups said it would improve compliance clarity while preserving room to align with possible federal action. The committee passed SB 97 on a due-pass motion to the Privacy and Consumer Protection Committee, with the roll left open for absent members. The committee also heard SB 362, which would strengthen disclosure rules for small business financing by requiring clearer pricing information throughout the marketing process. Supporters said the bill would help small businesses compare offers and avoid harmful financing, while some industry groups objected to the bill’s treatment of communications and APR disclosures during negotiations. After discussion, the committee passed SB 362 to the Judiciary Committee, with several members voting aye and the roll left open. SB 784, a bill addressing predatory home-improvement and solar financing practices, drew extensive testimony. The author and supporters described scams targeting seniors, low-income homeowners, and non-English speakers, and said the bill would add safeguards such as confirmation calls, document access, fee transparency, and longer cancellation periods. Solar industry groups moved to neutral after amendments, while banks and other lenders raised concerns about overbreadth and impacts on legitimate lending. The committee passed SB 784 to Judiciary, with some members not voting or changing votes during the roll call. Finally, SB 825 sought to give the Department of Financial Protection and Innovation clearer authority to enforce existing consumer financial protection laws against its licensees, especially in light of reduced federal CFPB enforcement. Supporters argued California needs independent state enforcement tools, while banking and mortgage groups opposed the bill as duplicative and unnecessary, urging coordination with federal regulators and proposing narrower amendments. The committee passed SB 825 to Appropriations on a due-pass vote, and then adjourned after completing the agenda.

Transcript Highlights:

• Florida is the third-largest producer of solar energy in the nation.
• You have the enhanced energy sources, which we obviously are supportive of.
• You have the enhanced energy sources, which we obviously are supportive of.
• And I recognize that a good renewable energy plan, and we need solar energy in the state of Florida.
• And I recognize that a good renewable energy plan, and we need solar energy in the state of Florida.

Committee: Senate Regulated Industries

Summary: The Committee on Regulated Industries met with a quorum and considered four bills, all of which were reported favorably. SB 288 on rural electric cooperatives was presented as a negotiated “glitch bill” to narrow statutory language so co-ops can choose generation and power purchases based on cost and reliability without exposure to lawsuits aimed at banning fuel sources; it was supported by the Florida Electric Cooperatives Association and passed without debate. SB 364 on public accountancy was described as a modernization and licensure-efficiency bill to increase the supply of CPAs; an amendment correcting a drafting error and restoring automatic mobility language was adopted without objection, and the bill as amended was reported favorably. A public comment on the bill was briefly redirected after it appeared to address a different subject. The committee then took up SB 200 on utilities, which addresses solar decommissioning and storm protection plans. Chair Bradley said the bill would authorize counties to require decommissioning plans for utility-scale solar facilities at the end of their useful life, direct DEP to develop best management practices, and require the Public Service Commission to consider whether storm protection plan costs are reasonable relative to expected customer benefits. County and consumer groups spoke in support, and the Small County Coalition said the bill was a needed step that did not restrict solar development; the bill was reported favorably. Finally, the committee considered SB 126 on the Florida Public Service Commission, which was presented as a reform and “glitch” bill and amended to add CPA and financial analyst expertise, require stronger PSC order explanations, tighten intervention requirements, cap returns on equity at the national average for comparable utilities, set periodic ROE review schedules, and require affordability to be considered in rate-related proceedings. The PSC staff deputy executive director answered extensive questions about storm hardening, cost recovery, risk, and affordability. Several members and public speakers supported the bill’s goals but raised concerns about the affordability standard, the ROE cap, and comparisons to other states; others said the bill would improve transparency and accountability. The amendment was adopted, and CS for SB 126 was reported favorably. The committee then adjourned.

Transcript Highlights:

• for the Energy Commission to adopt energy efficiency standards, out on a B roll call.
• AB 743, Michelle Rodriguez, lawsuit financing: do pass out on an A roll call.
• AB 472, Rogers, wind energy infrastructure needs: holding committee.
• AB 1260, Ward, Renewable Energy Subscription Program: holding committee.
• AB 1260, Ward, Renewable Energy Subscription Program: holding committee.

Summary: The Assembly Appropriations Committee held its May 23, 2025 suspense hearing and opened by emphasizing the difficult budget environment, rising costs for constituents, and the need to make tough choices. The chair said many bills would be held, amended to reduce costs, or made two-year bills because the state could not afford broad program expansions this year. The committee also noted the agenda was organized alphabetically by author and that results would be posted later that day. The committee then acted on a large suspense file, taking up hundreds of Assembly bills across topics including housing, health care, education, labor, public safety, climate, water, transportation, elections, and technology. Many bills were held in committee, while many others were approved with cost-saving, clarifying, or author’s amendments. Examples included measures on CalABLE, Covered California enrollment, wildfire and insurance issues, reproductive health, school and college programs, prison and juvenile justice matters, AI and data privacy, and local government and utility regulation. Several bills were converted to two-year bills to continue discussion. Throughout the hearing, the committee repeatedly voted on bills by A roll call or B roll call, often with Republicans not voting on amended measures. Some bills were advanced with notable amendments, such as narrowing scope, removing appropriations, delaying implementation, or striking costly provisions. The committee also approved a number of committee bills and omnibus measures, including emergency management, judiciary, insurance, and water-related bills. At the end of the hearing, the chair stated that the committee had moved 435 bills to the Assembly floor, either as do pass or do pass as amended, and adjourned the meeting.

Transcript Highlights:

• energy future in California.
• So for the sake of energy affordability, for the sake of clean energy, and for the safety of these devices
• You know, it's not often that we follow Utah in clean energy policy.
• Dave Shukla, Long Beach Alliance for Clean Energy, support if amended.
• Program and Department of Energy Science and Engineering.

Committee: Senate Energy, Utilities and Communications

Summary: The committee heard extensive testimony on SB 868, the Plug and Play Solar Act, which would streamline approvals for portable plug-in solar devices while setting safety standards. The author and supporters argued the bill would help renters and homeowners with high electricity bills by allowing low-cost balcony solar systems to reduce monthly costs, and they emphasized that the devices would not feed power back to the grid. Supporters included environmental and consumer groups, solar advocates, and many members of the public. Opponents, including electrical workers, firefighters, utilities, and PG&E, raised concerns about shock, fire, overloading, and the need for California-specific building standards. After discussion, the author agreed to committee amendments and later to add compliance with the California Electrical Code in addition to the National Electrical Code; several opponents said that change would move them to neutral. The committee then voted to pass SB 868 out as amended to Senate Judiciary, with some members expressing support while reserving concerns about safety as the bill moves forward. The committee then took up SB 886, dealing with data center electricity use and ratepayer protections. The author said the bill is intended to prevent large data centers from shifting grid and infrastructure costs onto other customers, citing rapid growth in data center demand and examples from other states. Supporters, including TURN and climate groups, said the bill would require data centers to pay for their own grid impacts, pre-fund long-term clean energy resources, participate in demand response, and cover related costs. Opponents from the data center industry, tech and business groups, utilities, and some energy users argued the bill was unnecessary, could duplicate CPUC processes, and could create discriminatory rate treatment or operational problems, especially around mandatory demand response and limits on backup generation. Committee staff described amendments narrowing the bill to large data centers, clarifying tariff and cost-allocation provisions, replacing a storage requirement with a long-term zero-carbon procurement mechanism, and exempting certain public and utility facilities. Members discussed the balance between affordability, reliability, and clean energy, with the bill framed as a way to protect ratepayers while allowing data center growth.

Transcript Highlights:

• The Joint Senate Transportation and Energy and House Transportation, Housing, and Local Government Committee
• Joint Senate Transportation and Energy Joint Senate Transportation and Energy and<00:27:25.760><c> House
• Sincerely, Jared Polis, Governor. >> Finance, Mr. Majority Leader. >> Thank you, Mr. President.
• Sincerely, Jared Polus, Governor Governor Governor &gt;&gt; Finance,<00:32:56.480><c> Mr.
• </c> &gt;&gt; Finance, Mr. Majority Leader. &gt;&gt; Finance, Mr. Majority Leader.

Transcript Highlights:

• On the energy side, I wish that our state would, you know, find their brain and look at nuclear energy
• because that's the cleanest and safest energy in the world right. ...nuclear energy, because that's
• the cleanest and safest energy in the world right now.
• This is a quantum economy that's going to require a lot of energy and energy generation.
• Greenberg, is: when it comes to quantum, does it use a lot of energy? Mr. Chair, Senator. Mr.

Committee: Senate House Appropriations & Finance

Summary: The committee first discussed the state budget and employee compensation, focusing on the 1% pay increase proposal and the broader cost of state employee raises and benefits. Members noted that over the past several years the state has invested heavily in payroll, pension contributions, pay studies, and band realignments, and several senators argued that the 80/20 health insurance change and other benefit improvements amount to significant compensation increases even without an additional raise. Others cautioned that recurring revenue is limited, that recent revenue collections were weaker than expected, and that the state should be careful about committing to ongoing costs given possible economic slowdown, federal uncertainty, drought, wildfire risk, and the possibility of future budget pressure. The committee then heard extensive testimony on SB 177, a major economic development proposal centered on quantum computing, advanced energy, robotics, synthetic biology, and related technologies. Supporters described the bill as a large strategic investment intended to leverage New Mexico’s national laboratories, universities, and existing quantum workforce to attract companies, create high-wage jobs, and diversify the economy. Testimony emphasized that much of the quantum workforce would be skilled trades and technicians rather than Ph.D.-level researchers, and members asked detailed questions about whether the state would receive long-term returns, how intellectual property and clawbacks would be handled, and whether the package included recurring costs. Witnesses also explained the bill’s trade association and workforce-development components, and several senators raised concerns about energy use, water use, guardrails, and ensuring the state does not subsidize outside interests without benefits returning to New Mexico. After debate, the committee moved to table SB 177 indefinitely, with members noting that the funding and structure were already incorporated into House Bill 2. The motion passed on an 8-0 vote, with several members excused. The meeting then adjourned.

Transcript Highlights:

• Million dollars under our Energy Smart program provides energy efficiency retrofits and savings to the
• We do leverage these funds with some Department of Energy energy funds, some LIHEAP funds that we get
• I'm the CEO of the New Mexico Finance Authority.
• Finance Act, which oversees our economic development programs.
• Projects and send them to the Finance Authority for underwriting.