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Aug. 5—The parent company of the state's largest natural gas utility plans to sell it to a private equity firm in 2025, both companies announced Monday. The proposed sale of New Mexico Gas Co ...
TXNM was founded in 1917 as the Albuquerque Gas and Electric Company. TXNM sold the gas part of the business to Southern Union Gas Company of Dallas in 1949. These sold portions became the Gas Company of New Mexico. In 1985, however, PNM reacquired the Gas Company of New Mexico after Southern Union Gas Company reached a settlement stemming from ...
The private equity firm is proposing to buy New Mexico Gas from Emera for a base price about $1.252 billion, which includes about $700 million to be paid in cash at closing as well as the ...
Oct. 29—A Louisiana-based private equity management firm has disclosed details of its proposed deal to purchase the state's largest natural gas utility. Executives of Bernhard Capital Partners ...
New Mexico Gas Co. spokesman Tim Korte wrote in an email Friday the facility is a capital expenditure, and costs would be added to rates if approved in a future proceeding, but he said that was "a ...
Feb. 21—Staff of the state Public Regulation Commission on Wednesday delivered a recommendation for commissioners to deny approval of New Mexico Gas Co.'s plan for a liquefied natural gas ...
New Mexico. Transwestern Pipeline; Xcel Energy; New Mexico Gas (NMG) ... Roanoke Gas Company; Carroll County Natural Gas; CNX Resources; Richmond Gas Works; Washington.
Dec. 29—New Mexicans will ring in the new year with lower natural gas prices. A surcharge New Mexico Gas Co. put in place to recover costs it incurred during a 2021 winter storm ends at the ...
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