By Kevin Hendricks Alamogordo residents asked state regulators last week to test PNM’s meters. Now the regulators’ own staff wants to do exactly that. The New Mexico Public Regulation Commission’s Public Interest Advocacy Staff filed a petition Tuesday asking commissioners to authorize a formal investigation into PNM’s estimated and delayed bills this summer. Staff wants […]
Energy
Reports on New Mexico’s energy transition.
NM Political Report
Posted inJobs, Workers & Economy
New: Blackstone to offer $300 million in incentives, more transparency in new bid to acquire PNM
By Pat Davis, New Mexico Political Report – Blackstone is asking the PRC to accept an amended offer to buy PNM, upping the ante with more than $300 million in rate credits and low-income bill payments, among other incentives, and offering to create a New Mexico-run board, in an effort to win approval from the […]
NM Political Report
Posted inJobs, Workers & Economy
Can New Mexico, not Blackstone, just buy PNM? It turns out, we can’t. Here’s why.
With more than $70 billion available to invest for the benefit of New Mexico, why doesn’t the State Investment Council just buy PNM instead of letting them sell to Blackstone, a private equity company? This story was originally published at New Mexico Political Report, a nonprofit news service covering politics and policy in the Land […]
Posted inEnergy
PNM, Blackstone to reverse problematic $400M early stock sale and extend acquisition timeline to 2027
The private investment company working to buy New Mexico’s largest utility has extended the timeline for the deal to close after PNM says it has secured funding to reverse a problematic $400 million stock sale to the buyer completed without regulatory approval. PNM shareholders approved the sale to an affiliate of Blackstone in August 2025 […]
Posted inEnergy
Fact Check: What do we really know about Blackstone’s plan to buy PNM?
Editor’s note: In August 2025, New Mexico’s largest utility, privately-owned PNM, asked state regulators for permission to sell to a subsidiary of Blackstone, a private equity firm which has offered $11.5 billion for the company. Since PNM is a public utility, the sale must be approved by the Public Regulation Commission and that process has […]
Posted inStatewide News
New Mexico honored for quantum leap
A broad public-private coalition has earned a national award for efforts to make New Mexico a major quantum technology industry hub. The Federal Laboratory Consortium (FLC) earlier this month presented its State and Local Economic Development Award to the State of New Mexico, Sandia National Laboratories, and their partners. The honor recognizes a coordinated, two-year […]
NM Political Report
Posted inFederal Government & Congress
Can Sen. Martin Heinrich revive electrification under Trump?
Albuquerque — Martin Heinrich spent Friday morning gathered around a conference table in Downtown Albuquerque’s WESST economic development center to hear firsthand from New Mexicans how rising costs were making it harder for everyone from students to small business owners get by. From his post as the ranking member, or top Democrat, on the U.S. […]
Posted inBernalillo County, City Desk ABQ, Energy, Local Government, The Paper., Westside Albuquerque
Inside the Oso Negro project: Bernalillo County’s newest weapon against power outages
By Jesse Jones, The Paper. — With an uncertain future for power rates and unreliable power grids, Bernalillo County residents may see more stable electricity rates and a stronger power grid, following the approval of a $175 million battery storage project on Albuquerque’s Westside. Bernalillo County commissioners approved an industrial revenue bond, 4-1, March 11, […]
NM Political Report
Posted inEnergy, Federal Government & Congress, NM Political Report
Opinion: Sen. Heinrich knows that clean energy is the key to New Mexico’s continued prosperity
State Senator Heather Berghmans, a Democrat, represents Senate District 15 in Albuquerque’s Northeast Heights. She has served since 2025 By State Senator Heather Berghmans — Despite being 36th in population, our state of New Mexico is the ninth-largest energy producer in the country. Around half of the energy that is generated here is exported, meaning […]
Posted inEnergy, Pueblos
Utility asks New Mexico for ‘zero emission’ status for gas-fired power plant
This article was originally published by Capital & Main. By Jerry Redfern The Southwestern Public Service Company has asked the state of New Mexico to grant exceptions to the state’s Energy Transition Act for two proposed gas-fired power plants, including one exception that would see approximately one-third of the energy produced at one plant qualify as a “zero-carbon […]
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