The Hearing Examiner recommends that the NMPRC adopt the Certification of Stipulation in support of the acquisition, and states that the acquisition is in the public interest and has quantifiable and unquantifiable benefits to NMGC customers.
The closing of the acquisition is subject to regulatory approval by the NMPRC and the satisfaction of customary closing conditions, and remains on track to close in mid-2016.
New Mexico 2016 Electric Rate Case: The NMPRC
dismissed SPS's electric rate case on April 19, 2017, claiming that the rate filing was deficient.
Under the agreement, Emera will honor all of the provisions that were previously embedded in the TE-New Mexico Gas (NMGC) 2014 merger approval by the NMPRC
, including a commitment to retain ownership of NMGC for the next 10 years and implementation of a base rate freeze at NMGC through Dec.
Closing of the acquisition remains subject to certain other regulatory and government approvals, including approval by the NMPRC
and the satisfaction of customary closing conditions.
PNM Resources (NYSE:PNM), an energy holding company, declared on Friday that its New Mexico utility PNM has submitted a filing to the New Mexico Public Regulation Commission (NMPRC
) for approval to make changes in the way it provides power to its customers.