Updated: December 8, 2021 04:54 PM
Creation Date: December 8, 2021 04:32 PM
ALBUQUERQUE, NM – New Mexico’s Public Regulation Commission on Wednesday voted to reject an $8 billion merger proposal between PNM and Avangrid.
A hearing assessor presented doubts about the merger after hours of testifying, concluding that the deal did not outweigh the risks to utility payers.
https://www.kob.com/albuquerque-news/pnms-proposed-merger-with-avangrid-rejected-by-prc/6326064/?cat=500 PNM’s proposal to merge with Avangrid was rejected by PRC