Yesterday we filed our Brief in Chief in the Bernhard Capital Partners buyout case, delivering our final legal arguments recommending against the deal, and laying out the requirements the PRC should impose should they decide to do so. But today the public showed up to make their own arguments, and they did not disappoint! The people called out the dangers of private equity, the impact of likely rate increases on seniors and the working poor, and the absurdity of allowing th

Yesterday we filed an  Interlocutory Appeal directly to the PRC after the Hearing Examiners in the Bernhard Capital Partners case failed to respond to our Emergency Motion seeking to remedy their defective rulings during the hearing in November and the PRC has already issued an order asking other parties to respond. This interlocutory appeal matters because the Hearing Examiners’ evidentiary rulings undermine the very foundation of the Commission’s constitutional and statuto

On Friday New Energy Economy took the extraordinary step of filing an Emergency Motion for Leave to Seek Interlocutory Appeal in the Bernhard Capital Partners case. Our Motion was filed after Hearing Examiners in the case ruled repeatedly and defectively to refuse to allow discovery and evidence of BCP’s history and operations at BCP-owned companies into the record, to require one of our expert witnesses to testify as a lay person despite being a lawyer for 15 years and spe

First, reporting back from the BCP buyout of New Mexico Gas Company hearing, we wanted to share this important point made by PRC Commissioner Aguilera to BCP Executive Jeffrey Baudier: a gas utility is not like a Burger King. It has captive customers that do not have a choice about where they can purchase their gas, and therefore those ratepayers have more at stake than burger joint customers. That is why the comparative difference between the $200M acquisition premium being