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Aug. 11—New Mexico Gas Co. plans to file a request for a rate increase from state utility regulators in September, less than a year after the company's most recent rate increase went into effect.
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El Paso Natural Gas (EPNG) is an American company and a 10,140-mile pipeline system consisting of a system of natural gas pipelines that brings gas from the Permian Basin in Texas and the San Juan Basin in New Mexico and Colorado to West Texas, New Mexico, Nevada, California, and Arizona. It also exports some natural gas to Mexico. [1]
The New Mexico Public Regulation Commission or PRC is an independent agency created by the New Mexico Constitution. It is charged with regulating "...electric, natural gas, and water utilities, as well as telecommunications and motor carriers, to ensure fair and reasonable rates, and to assure reasonable and adequate services to the public." [1 ...
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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 ...