STUDY STATE PURCHASE OF UTILITIES

Summary

The proposal asks the Legislative Finance Committee to examine whether New Mexico’s investment funds should purchase ownership stakes in the New Mexico Gas Company and TXNM Energy, the parent of the Public Service Company of New Mexico. It also directs the Public Regulation Commission to hold off on approving any private‑equity acquisitions of these utilities until the study is completed. The aim is to evaluate potential financial, ratepayer, environmental and economic benefits for the state.

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