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Gross misconduct at the Legislature - but the People are rising up. Blackstone beware.
We started the legislative session with a reminder that WE GOT US. It is WE, THE PEOPLE that will create the change we want to see. Nowhere was that more apparent than the juxtaposition between the hundreds of people showing up for six hours to speak against Blackstone at the PRC on Tuesday with the utter failure of the leadership in the New Mexico House and Senate to protect the people against the predicted and already extremely apparent collapse of our ecosystem as a conseq
New Energy Economy
FOR IMMEDIATE RELEASE: We filed a Response Motion to ask the PRC to Declare Blackstone’s Unlawful Purchase of TXNM Stock Void and Deny the Merger
FOR IMMEDIATE RELEASE – New Energy Economy, joined by the NM Consumer Protection Alliance, today filed a formal Response in support of a Motion to Show Cause in Case No. 25-00060-UT before the New Mexico Public Regulation Commission, arguing that the proposed merger between Public Service Company of New Mexico (PNM), TXNM Energy, Inc., and Troy ParentCo LLC must be denied because it violates New Mexico law. Our filing followed a Notice of Joinder filed earlier today from
New Energy Economy
Motion seeks rule to show cause why Blackstone broke NM laws already
On Friday Prosperity Works filed a Motion for Rule to Show Cause asking why Blackstone, through its affiliate Troy TopCo LP, unlawfully acquired a significant ownership stake in TXNM Energy, PNM’s parent company, without the prior approval required under New Mexico law—raising serious concerns about the integrity of the proposed takeover of New Mexico’s largest electric utility. Three facts are now clear: 1. Blackstone purchased PNM stock as part of the merger—without requir
New Energy Economy
Hundreds showed up last night to tell the PRC: Blackstone is not welcome in New Mexico!
Last night more than 400 New Mexicans showed up at the PRC public comment hearing about the Blackstone buyout of PNM and spoke loud and clear: Blackstone is not wanted in New Mexico. More than 300 people came in person and signed up, but only about 70 got a chance to speak! Well over 100 were waiting online on zoom and not one of them got the chance. People were lined up outside in the hallway because the room could not contain everyone. People listened from the parking lot.
New Energy Economy
