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NM Supreme Court hears arguments in the Avangrid/PNM merger case

The New Mexico Supreme Court heard arguments Friday in the appeal of a decision by state regulators to reject a proposed merger between the Public Service Company of New Mexico and utility giant Avangrid. While the New Mexico Public Regulation Commission acknowledges that the proposed merger could bring benefits to New Mexicans, the commission argues […]
New Mexico United States New Mexicans Scott Hempling Justice Brianna Zamora Seth Barry

In brief, PRC says it followed own guidance in rejecting merger

Jun. 20—Saying it's no "stooge" for others, the state Public Regulation Commission argues in a court filing it was required to act independently when considering a merger of New Mexico's largest electric utility with other major power companies. A PRC brief submitted by legal staffers last week to the New Mexico Supreme Court says the commissioners made the right call in
Bernalillo County New Mexico United States New Mexican Hector Balderas Ashley Schannauer

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New Mexico Attorney General Faces Fraud, Corruption Allegations Amid Power Company Merger

New Mexico Attorney General Faces Fraud, Corruption Allegations Amid Power Company Merger Civic and environmental groups accuse AG Hector Balderas of improper dealings with a lawyer and longtime friend. Published  New Mexico Attorney General Hector Balderas may have violated state fraud and anti-corruption laws by hiring the firm of an old law school friend to work on several lucrative cases for the state, according to a complaint filed with the state auditor in mid-July. The five environmenta...
New Mexico United States Four Corners Power Plant University Of New Mexico New Mexican Hector Balderas

Advertising for utility merger proposal costs more than $1M

.......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... SANTA FE – Public Service Company of New Mexico poured more than $1 million into advertising from March through June to sell the public on its proposed merger with Avangrid. Included among four bills to PNM from the Albuquerque marketing firm 3 Advertising is one from early March for $864,290 for a...
Northwestern University United States New Mexico Bernalillo County New Mexican Jeff Albright

MON: First Lady To Visit N.M. And Navajo Nation, Proposed Utility Merger Spurs Concerns, + More

   By Susan Montoya Bryan, Associated Press Consumer advocacy groups, environmentalists and the New Mexico attorney generals office are raising concerns about a proposed multibillion-dollar merger of the states largest electric utility with a U.S. subsidiary of global energy giant Iberdrola. The groups have filed testimony with state regulators ahead of hearings that begin next month. It will be up to the Public Regulation Commission to determine if the merger provides meaningful benefits to...
United States El Paso Four Corners Power Plant New Mexico Colorado River Mexico General
Source: kunm.org

Proposed New Mexico utility merger spurs numerous concerns

Proposed New Mexico utility merger spurs numerous concerns SUSAN MONTOYA BRYAN, Associated Press April 19, 2021 FacebookTwitterEmail 3 1of3FILE - This May 20, 2012 file photo shows one of the major transmission lines that runs to the west of Albuquerque, N.M. Ahead of hearings that will begin in May 2021, consumer advocacy groups, environmentalists and the New Mexico attorney generals office expressed concerns about a multibillion-dollar merger of the states largest electric utilit...
Four Corners Power Plant New Mexico United States New Mexican Ray Sandoval Scott Hempling

Editorial: PRC must decide whether proposal to merge PNM, energy giant is good deal for ratepayers » Albuquerque Journal

.......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... Some key dollar figures have come to the forefront as the regulatory examination of the proposed merger between PNM Resources and energy giant Avangrid is set to begin in earnest. There will be broader policy issues, of course, but based on initial statements and written testimony, we can expect a go...
United States New Mexico Hector Balderas Michelle Lujan Grisham Camilla Feibelman Scott Hempling

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