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New Energy Economy News
Read the latest updates on our legal actions, just transition initiatives, Sol for ALL! projects, recent media, and more....
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NM Gas Company Buyout
On October 28th, 2024 Bernhard Capital Partners (BCP), a private equity firm, applied to the PRC for permission to buy out NM Gas Company for $1.25 billion. New Energy Economy intervened because the buyout risks the following harms to New Mexicans:
* Lack of transparency
* Higher rates to pay off debts incurred in the leveraged buyout
* Potential impacts to reliability and service quality as BCP seeks to cut costs and necessary repairs to boost short term profit margins.


Hearing Examiners ignore evidence of Delta Utility malfeasance and recommend private equity buyout of NM Gas Company
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
May 20


New Evidence: Gas Customers in Louisiana facing sudden 1000% increases in their gas bills after BCP takeover. We filed a Motion to Reopen the Case.
Yesterday New Energy Economy filed a Motion urging the New Mexico Public Regulation Commission (NMPRC) to reopen the record in the pending case involving the proposed acquisition of New Mexico Gas Company by affiliates of Bernhard Capital Partners (BCP), citing newly emerged evidence of catastrophic billing failures at Delta Utilities, a gas utility acquired by BCP just six months ago. Customers of Delta Utilities in Louisiana have reported shocking increases in gas bills—ra
Jan 23


Together, we must ensure that our economy, our utilities, our water, land, and resources serve the people of New Mexico
As we close out this milestone year—our 20th anniversary—we are reflecting on our mission, what we have accomplished, what remains ahead, and the extraordinary moment we are living through. The climate crisis is accelerating, and the fossil fuel industry is responding not with restraint, but with unprecedented expansion - doubling down on oil, gas, a suite of dangerous “advanced energy” schemes that threaten our water, health, and democratic rights, and threats of war in Vene
Dec 23, 2025


PRC denies our interlocutory appeal, setting a dangerous precedent for future cases and failing in its duty to New Mexico
Today the whole point of our Motion for Interlocutory Appeal was ignored when PRC Commissioners focused exclusively on whether the violations we managed to uncover through independent research were damning or relevant to their decision about Bernhard Capital Partners, and not on the much more important question: What do we NOT KNOW ABOUT because the Hearing Examiner's failed to grant our Motion to Compel and require Bernhard Capital Partners to respond to our discovery questi
Dec 18, 2025
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