RETA was established by the NM legislature in 2007 to plan, finance, develop and acquire high voltage transmission lines and storage projects to promote economic development in New Mexico.
RETA is one of only eight state-level transmission authorities in the United States and only the second to have issued bonds. All RETA sponsored projects must have at least 30% of its power originate from renewable resources.
New Mexico has some of the best wind, geothermal and solar resources that exist within the United States. RETA believes that with a thoughtful, measured and expedient approach to the development of its renewable resources, New Mexico can develop a major renewable energy industry thereby creating permanent jobs, protecting the environment, reducing green house gas emissions, and furthering the nation's goals towards a sustainable and clean energy resource for generations to come.