News
Sandia researchers build AI system to detect anomalies across the electrical grid
1+ week, 6+ day ago (694+ words) The electrical grid is a crucial, sometimes fragile, piece of infrastructure. As connectivity to the grid increases, so too does its vulnerability. Public Service Company of New Mexico, the state's largest electricity provider serving around 550, 000 customers, in the past has…...
TXNM, Blackstone push back on AG's suggestion to void $400 million stock deal
3+ week, 10+ hour ago (635+ words) The issuance of $400 million in TXNM Energy Inc. stock to an affiliate of Blackstone Inc. last year was an "integral part" of a proposed sale of PNM's parent company to the private equity firm, Attorney General Ra'l Torrez said in…...
Retired New Mexico resident warns of Blackstone PNM deal
2+ week, 5+ day ago (387+ words) I am a Public Service Company of New Mexico customer and a retired widow, who has worked since I was 16 years old, paid taxes and now live on a fixed income. On researching Blackstone, a private equity company, I found…...
OPINION: Blackstone's PNM deal promises jobs, savings and cleaner energy
1+ mon, 3+ day ago (513+ words) The Public Service Company of New Mexico building in Downtown Albuquerque. New Mexico's electrical energy stands at a crossroads. As someone who has spent almost five decades in commercial real estate, industrial park development and local government, I have seen…...
Addressing business leaders, TXNM CEO calls for "thinking differently" amid $11. 5 billion Blackstone deal
1+ mon, 1+ week ago (670+ words) TXNM President and CEO Don Tarry speaks during an event hosted by the Greater Albuquerque Chamber of Commerce at Sandia Golf Club on Wednesday. In order to keep up with an evolving energy landscape and increasing power demands, TXNM Energy…...
Opinion: Are New Mexico ratepayers getting a fair energy deal
2+ mon, 1+ week ago (359+ words) The op-ed "Civility, not hostility, is key to New Mexico's energy future" (Feb. 15 Sunday Journal) is a seemingly rational call for less confrontational discourse around the proposed acquisition of Public Service Company of New Mexico's parent company TXNM Energy by…...
San Juan County Industrial Park to receive 13-mile natural gas pipeline extension
7+ mon, 1+ week ago (420+ words) San Juan County's Industrial Park is located north of Farmington. The project comes at a cost of $6. 1 million. Construction of a 13-mile extension to a natural gas pipeline through the San Juan County Industrial Park could further the area's efforts…...
Evidentiary hearings on the New Mexico Gas Co. sale have ended. Here are 3 key takeaways from the case.
5+ mon, 2+ week ago (1076+ words) New Mexico Public Regulation Commission members listen to comments during the public hearing on the proposed sale of New Mexico Gas Co. in October. Evidentiary hearings for the case ended Friday. Evidentiary hearings for the proposed acquisition of New Mexico…...
PNM, El Paso Electric among dozens of utilities in western transmission organization
11+ mon, 3+ week ago (153+ words) A few New Mexico utilities, both investor-owned and community-owned, are part of a newly launched regional organization seeking to'create a more resilient and coordinated grid across the West. The West Side PNM substation, shown here, is where the recently-built, 155-mile…...