Opponents ask New Mexico utility regulators to review whether PNM waived multimillion payout

By: Joshua Bowling

Outlets: Source New Mexico

Published: August 4, 2026

Words: 423

Last Updated: 2 weeks, 1 day ago

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An Albuquerque anti-poverty nonprofit is asking state utility regulators to order a hearing over whether the parent company of New Mexico’s largest electric provider forfeited a $350 million payment from the private equity firm looking to acquire it.

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In a filing with the New Mexico Public Regulation Commission Monday, attorneys for Prosperity Works argue that TXNM Energy Inc., which owns PNM, could have collected $350 million …

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