New Mexico utility regulators approve NM Gas Co sale to private equity firm

By: Joshua Bowling

Outlets: Source New Mexico

Published: July 30, 2026

Words: 442

Last Updated: 4 days ago

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The New Mexico Public Regulation Commission approved the sale of New Mexico Gas Company to an affiliate of a Louisiana-based private equity firm in a 2-1 vote Thursday.

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The controversial, nearly $1.3 billion sale carries several requirements, including a freeze on base rates through early 2028, $22.4 million in bill credits in the year following the sale’s close and a $10 million economic development investment in …

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