PNM

Opponents 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.

State officials, lawyers and executives met in Santa Fe Thursday to discuss the legality of a $400 million stock sale involving the Public Service Company of New Mexico’s parent company and the private equity firm seeking to acquire it. Meanwhile in Albuquerque, about 100 people rallied in front of PNM’s headquarters to protest that very acquisition.

The New Mexico Public Regulation Commission will soon decide whether or not the private equity firm Blackstone Infrastructure will acquire PNM’s parent company. The proposed $11.5 billion acquisition of the Public Service Company of New Mexico has drawn fierce resistance. This week on Let’s Talk New Mexico we’re talking to the players at the center of the whole debate, and we’d love to hear from you! Email letstalk@kunm.org, leave a voice message by clicking the link below, or call in live at (505) 277-5866 Thursday morning at 9.

New Mexicans continue to weigh in on the proposed sale of the state’s largest utility provider to a private equity firm.

U.S. Senator Martin Heinrich (D-NM), ranking member of the U.S. Senate Energy and Natural Resources Committee, hosted a roundtable discussion recently on the Trump Administration's policies that he said are raising electricity bills for Americans, including New Mexico.

The workforce shortage in New Mexico has been a growing issue as the state recovers from the pandemic. That includes skilled trades like electricians. A new program focuses on helping high school students get into that field and build the workforce.

The first ever Earth Day in the U.S. took place on April 22, 1970. Fast forward to 2024, with the help of many sponsors and a man with a “green” heart, Albuquerque is hosting the first statewide Earth Day Festival.

Potentially damaging winds are forecast across central and northern New Mexico today and tomorrow. The National Weather Service in Albuquerque has issued a High Wind Warning from 11 p.m. Monday until 11 p.m. Tuesday, with a risk of downed trees and difficult travel. The Public Service Co. of New Mexico (PNM) is warning customers to take care around compromised power lines.

There have already been more than 350 scam calls reported this year, with businesses and residential customers both being targeted.

The Public Service Company of New Mexico, or PNM, is offering support for customers unable to pay their energy bills on time during the summer heatwave. The company also said it hit two record-setting system peaks in July.