NM regulatory staff asks for more info on PNM $400 million stock sale

By: Joshua Bowling

Outlets: Source New Mexico

Published: February 27, 2026

Words: 427

Last Updated: 1 week, 5 days ago

Body Text Preview

New Mexico Public Regulation Commission legal staffers on Thursday filed a brief seeking more information about a $400 million stock sale between PNM’s parent company and an affiliate of the private equity firm seeking to acquire it.

Prosperity Works, an Albuquerque nonprofit with a focus on anti-poverty initiatives, first filed a motion with the PRC earlier this month challenging the 2025 stock sale. New Mexico Attorney General Raúl Torrez last week filed a brief …

Create a free account to access this story and more

Join Plucky Wire to access full stories, collaborate with newsrooms, and discover content from networks around the world.

Email Us