NMPRC

Protesters gathered outside a Public regulation Commission meeting on June 18 to submit public comment against the proposed acquistion of TXNM energy, the Public Service Company of New Mexico's parent company, by Blackstone infrastructure. Protesters said the controversial stock sale between the companies shows they don't respect New Mexico's laws, and they urged the PRC to reverse the sale and deny the acquisition application.

Regulators order $400M stock sale reversed and PNM/Blackstone to pay $300k in fines

Daniel Montaño

Opponenets of the proposed Acquisition of PNM's parent company, TXNM Energy, by Blackstone infrastructure got a big win Thursday when the New Mexico Public regulation Commission voted to reverse a $400 million sale of stock in TXNM to Blackstone that occurred after the acquisition was announced. Regulators said the companies violated state law when they did not seek approval for the stock sale. The overall acquisition is scheduled for a hearing in August.

Local News

PRC Delays Decision On PNM's Coal-Heavy Plan

People are going to have to wait to find out whether or not New Mexico’s largest utility will be allowed to continue investing heavily in coal power.…

Local News

Public Regulation Commission Delays Decision On PNM Plan

UPDATE 12:00p: New Mexico Regulators Delay Decision On Power Plant - Susan Montoya Bryan, The Associated PressNew Mexico regulators are giving Public…