New Mexico groups, residents call on state leaders to buy stake in state’s largest electric provider

More than 50 progressive organizations and 1,400 New Mexico residents signed a petition this week to state leaders and both gubernatorial nominees urging them to consider buying a stake in the state’s largest electric provider. Both gubernatorial nominees have stopped short of endorsing the idea.

By: Joshua Bowling

Outlets: Source New Mexico

Published: September 3, 2026

Words: 562

Last Updated: 2 weeks, 5 days ago

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More than 50 progressive organizations and 1,400 New Mexico residents signed a petition this week to state leaders and both gubernatorial nominees urging them to consider buying a stake in the state’s largest electric provider.

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Proceedings for private equity firm Blackstone Infrastructure to take over TXNM Energy Inc., which owns PNM and provides most of New Mexico’s electricity, have encountered several …

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