Thank you to everyone who showed up in support of State Land Office (SLO) proposed amendments to strengthen financial assurance requirements for oil and gas operators yesterday and this morning. As we noted in our opening statement: New Mexico is facing an orphan well crisis of staggering proportions, and it did not happen by accident. It is the predictable result of an oil and gas business model that allows major operators to extract enormous profits during the productive li

Ahead of tomorrow’s hearing on the State Land Office proposal to strengthen bonding requirements for oil and gas operators on state lands, New Energy Economy today released a major new report warning that New Mexico taxpayers will face billions of dollars in oil and gas cleanup liabilities unless state regulators act now to strengthen bonding and financial assurance requirements for oil and gas operators. This proposed rule is critical because abandoned oil and gas wells can

Today we have the chance to take proactive action for good regulation! We can hold the oil and gas industry in New Mexico accountable for properly plugging and remediating thousands of oil and gas wells drilled on state land across New Mexico. In April the State Land Office proposed a new rule to strengthen bonding requirements for oil and gas development on state lands. Two public comment hearings will be held next week on May 27th and 28th at 9:00AM at the State Land Office

Today we filed our Brief in Chief in the Blackstone Show Cause hearing, making a simple argument because the law about illegal merger-related stock acquisitions is clear and the evidence is there in black and white. We conclude: This case does not present a sprawling or complicated inquiry. It turns on three straightforward questions that the Commission must answer in sequence. First, is the Stock Purchase Agreement (PIPE) void and of no effect under NMSA 1978, § 62-6-12? Se

Yesterday we witnessed violence. It was dressed up in nice clothes and a veneer of democracy, but it was violence nonetheless. Water Quality Control Commissioner's gave lip service to the truth. They agreed that the oil and gas industry fracking waste discharge rule proposed before them was incomplete, that there are no standards to protect human health and the environment for the twenty pages of chemicals listed in the petition (not to mention about 1000 more that are simply

Yesterday the Hearing Examiners issued an order directing the parties in the Blackstone acquisition case to file their briefs in the Show Cause matter related to Blackstone's illegal stock purchases by May 20th and to file any reply briefs by June 1st. What does this mean? It means that a decision on the Blackstone acquisition is not happening anytime soon, and in the meantime, the people have time to make their case to the PRC that a private equity buyout of our largest util

Yesterday at the evidentiary hearing to determine whether Blackstone and PNM broke the law with their $400 million unsanctioned stock transaction, Blackstone and PNM continued to argue that the law does not actually say what the law says. There is no 10% control threshold to trigger the requirement to get PRC permission, even if at one time a draft of a bill once said that and a newspaper once reported about the draft! They also continued throwing up smoke to try to obscure t

Today in Columbia representatives from more than 50 nations, dozens of subnational governments and 2800 representatives from civil societies, a "coalition of the willing," continue their five day global conference to reinvigorate international efforts to reduce climate warming emissions outside of the Paris Accords COP process, which has largely been hijacked by fossil fuel interests and petrostates like the United States and Saudi Arabia. The group has formed a panel of scie

On March 11th Hearing Examiners at the New Mexico Public Regulation Commission (PRC) granted a motion requiring the Joint Applicants in PRC Case No. 25-00060-UT - PNM, TXNM Energy, and Blackstone’s Troy Parentco - to show cause why a $400 million Financing Transaction made in connection to the proposed merger without PRC approval was not unlawful under New Mexico law. That ruling followed a motion filed by Prosperity Works and supported by multiple intervenors, including New

Yesterday you showed up to defend our water. New Mexican's from across the state made an impassioned plea to the Commission: water is kin, water is sacred, we cannot risk contaminating the water that gives us life. Farmers, acequieros, tribal members, business owners, teachers, parents, medical professionals, scientists and former oil and gas workers from across the state - from Taos to Espanola to Albuquerque to Doña Ana County - each gave their time and spoke passionately i

On April 7th, 2026 New Energy Economy and the Center for Biological Diversity filed a Joint Motion to Show Cause arguing that the WATR Alliance, in its petition seeking authorization to reuse and discharge produced water, had fabricated multiple quotations supporting their petition by alleging that the quotations were extracts from peer reviewed scientific papers. The quotations misrepresented the state of the science and the conclusions reached by the authors of these studie

This week we learned about a company looking to restart exploration for uranium mining near Canjilon, a project that could poison the entire Chama watershed, we scrambled to participate in the ludicrous seven day public comment period on the Trump administration's bid to re-open fossil fuel extraction near Chaco Canyon, and saw there was a notice that federal agencies are reversing efforts to ban mining in the Upper Pecos, potentially opening up nearly 165,000 acres for miner

Santa Fe, NM (March 11, 2026) — In a major development in the proposed takeover of Public Service Company of New Mexico (PNM), Hearing Examiners at the New Mexico Public Regulation Commission (PRC) have granted a motion requiring the Joint Applicants - PNM, TXNM Energy, and Blackstone’s Troy ParentCo - to show cause why a $400 million stock transaction was not unlawful under New Mexico law. The ruling comes after a motion filed by Prosperity Works and supported by multiple i

In Tehran today people are breathing a toxic soup of oil and dangerous particulates. The sky is black, death rains down and there is no water. In the words of Mehnaz, quoted in The Guardian: “The Rey depot, you won’t believe, was still on fire and it’s insane because in the night it looked like day and in the day, it was so dark, it looked like a new moon night. So, so dark, just like our futures.” Aramco is warning of “catastrophic consequences” for the world’s economy if t

New Energy Economy (NEE) and the New Mexico Consumer Protection Alliance today filed a Reply in Support of the Motion to Show Cause filed on February 6, 2026 by Prosperity Works in Case No. 25-00060-UT before the New Mexico Public Regulation Commission (PRC), arguing that the proposed $11 billion Blackstone acquisition of TXNM Energy (parent of PNM) is built upon an unlawful stock transaction that violates New Mexico law. Replies were also filed by the NMDOJ and Prosperity Wo

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

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

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

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.

An application filed by Wild Earth Guardians and supported by New Energy Economy in 2023 sought to prohibit the use of PFAS compounds in all downhole oil and gas operations and require community notification of chemical disclosures. The final rule adopted by the OCC, however, improperly worded the prohibition on PFAS to apply only to well completion and recompletions, leaving out operations like oil and gas well drilling, treatment and maintenance, and enhanced oil recover