New Mexico Gas Deal Sparks Debate | Santa Fe News

New Mexico’s largest gas utility is being sold to a Louisiana private equity firm for $1.25 billion — a landmark deal sparking fierce debate. State regulators narrowly approved the buyout after heated hearings, with environmental groups, consumer advocates, and even the state’s Justice Department raising alarms over potential risks to customers. While examiners backed the sale citing new reporting requirements, one commissioner voted no, citing shaky board oversight, uncertain rate protections, and no guarantee rates won’t rise. Another commissioner focused on basic operational stability. This move signals a growing trend of private equity taking over utilities — and its real-world impact on everyday New Mexicans remains to be seen. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/75a9ac9e186164fe