Conservation group asks federal commission to re-evaluate New Mexico utility’s $400M stock sale

By: Joshua Bowling

Outlets: Source New Mexico

Published: March 24, 2026

Words: 418

Last Updated: 4 months, 1 week ago

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The conservation group Center for Biological Diversity is asking the Federal Energy Regulatory Commission to take another look at a $400 million stock sale between New Mexico’s largest utility and a private equity firm looking to acquire it, following the news that state regulators have opened an investigation into whether that sale violated state law.

Jean Su, director of the Center for Biological Diversity’s energy justice program, in a Monday filing argued that …

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