Help Seize the Opportunity For A New Mexican Energy Future

Our fight for community power continues. The last PRC meeting was a huge win in our fight against private equity. The Blackstone $400 million purchase of TXNM stock, which had been done without regulatory approval was found unlawful. Given this illegal transaction, the consequences on the merger application need to be "unwound", and the impacts of this need to be absorbed by the companies, while ratepayers are to be "held harmless". The Public Regulation Commission still has yet to decisively act on how they will do this.

We promised to advocate for the control of our essential services to stay in the hands of the people who live here, and we will see it through together. The answer is clear, and it isn't a bailout. This is an opportunity to strengthen New Mexico's stake in decisions that shape our energy future.

Outlined below is the full proposal for New Mexico to invest in TXNM Energy, the parent company of PNM. This move would ensure that the wealth created by New Mexico's energy economy benefits New Mexicans for generations to come.

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We have all been in a collective fight for more than a year organizing to stop Blackstone's proposed buyout of PNM because New Mexicans deserve far better than private equity.

Make your voice heard and keep New Mexico's largest electricity utility in the hands of the people it serves.