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March 13, 2026

New Mexico Public Regulation Commission (NM PRC)

New Mexico PRC
N.M. Regulators Order Blackstone to Explain TXNM Stock Purchase
In a potential hurdle to Blackstone Infrastructure's acquisition of TXNM Energy, state regulators have ordered Blackstone to provide legal justification of its purchase of 8 million shares of TXNM Stock without the regulators' consent.
Camerafiend, CC BY-SA-3.0 via Wikimedia Commons
FERC Approves Blackstone’s $11.5B Acquisition of PNM
FERC approved Blackstone Infrastructure’s proposed $11.5 billion acquisition of TXNM Energy, rejecting concerns the deal could lead to adverse impacts on competition and rates.
© RTO Insider 
Nickell: RSC ‘Best-in-class’ Among Grid Operators
SPP's Regional State Committee, composed of regulators from its 14-state footprint, was created to provide regulatory input to the RTO and will expand into the Western Interconnection later in 2026.
El Paso Electric
El Paso Electric Finds Solar Procurement Solution After Tariff Hikes

El Paso Electric again is seeking regulatory approval for its New Mexico renewable energy plan after resolving tariff-related cost uncertainty of a solar-plus-storage procurement proposed in the plan.

New Mexico PRC
PNM Accounting Request Revives EDAM vs. Markets+ Debate
State regulators approved an accounting order for Public Service Company of New Mexico’s participation in CAISO’s Extended Day-Ahead Market, in a case that rekindled the debate over which day-ahead market PNM should choose. 
Office of Assemblymember Cottie Petrie-Norris
Pathways Bill Passes Calif. Legislature in Lopsided Votes
California lawmakers have passed a landmark bill that will allow CAISO to transition the governance of its markets to the independent “regional organization” envisioned by the West-Wide Governance Pathways Initiative.
Lawrence Berkeley National Laboratory
Large-load Tariffs Touted as Alternative to ‘Side Deals’
As regulators grapple with rate design for large customers such as data centers, some experts are pointing out the transparency benefits of tariffs compared to special contracts between the utility and customer. 
PNM Resources
PNM Seeks Approval for Blackstone Acquisition
PNM will provide $175 million in benefits to customers and New Mexico as part of Blackstone Infrastructure’s acquisition of its parent company, TXNM Energy.
ITC Midwest
CREPC TC Issues 1st Cost Allocation Study
CREPC TC, in collaboration with Energy Strategies, issued its first transmission cost allocation study to provide the Western electricity industry with guidelines on how to tackle the thorny issue.
PNM
PNM Signs Agreement to Join CAISO’s EDAM

Public Service Company of New Mexico made it official: The utility signed an implementation agreement to begin participating in CAISO’s Extended Day-Ahead Market in fall 2027.


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