PNM Acquisition Case General FAQs

Q: What is this case about?
A: This case concerns the proposed acquisition of PNM by a subsidiary of Blackstone Infrastructure. Under New Mexico law, the Commission must consider the application, but the acquisition cannot occur in New Mexico without the Commission’s approval.

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Q: Has the Commission already made a decision?
A: No decision has been made yet. The Commission will make its decision only after:

• An evidentiary hearing where sworn testimony and exhibits are submitted,
• Parties have the opportunity to present evidence and cross-examine witnesses, and
• The full record is complete.

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Q: Why is public input important for this process?
A: Public comment opportunities allow the public to share their views, concerns, or support regarding the proposed acquisition. Public comments become part of the record and may be provided in person, virtually, or in writing.
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Q: What does the Commission do with public comments?
A: The Commission does want to hear from the public regarding cases that are currently under review. The Commission listens to and reads every comment, and the comments become part of the record.
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Q: When is the evidentiary hearing? Can I attend it?
A: The evidentiary hearing is set to begin on May 4, 2026 via the Zoom online platform. Unless you are a party in the case, you cannot attend or participate on Zoom but you can watch the livestream on the Commission’s YouTube channel.
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Q: When will the Commission make a decision?
A: After the evidentiary hearing is completed and all evidence has been submitted into the record. The Commissioners will deliberate and issue a written decision at that time.
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Q: Is the Commission’s decision final?
A: Yes, unless the matter is appealed to the New Mexico Supreme Court.