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. Case updates below.