Public Service Company of New Mexico and Avangrid have asked the New Mexico Public Regulation Commission to hear oral arguments prior to making a decision on the merger application. PNM and Avangrid joined a group of intervenors in making this request. The request states that oral arguments would allow critical issues and questions to be […]
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The San Juan Generating Station is pictured Monday, April 19, 2021, in Waterflow.
Government entities, utilities and watchdog groups say a merger between Public Service Company of New Mexico and Avangrid could harm both ratepayers and the environment unless protections are included.
These entities filed testimony in a New Mexico Public Regulation Commission case evaluating the merger. This merger is subject to the PRC approval as well as approval from the Federal Energy Regulatory Commission.
PNM’s parent company, PNM Resources, is seeking to merge with Avangrid, a U.S. subsidiary of renewable energy giant Iberdrola, which is based in Spain.
The PRC hearings related to the merger are scheduled to start on May 3 and testimony has been filed expressing a variety of concerns.