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Tag: mergers

NMPR
Posted inEnvironment & Conservation

Avangrid terminates PNM merger agreement

by Hannah Grover January 3, 2024December 10, 2024

Amid the uncertainty of an appeal to the New Mexico Supreme Court, utility giant Avangrid chose to terminate its merger agreement with the Public Service Company of New Mexico. The merger agreement expired on Dec. 31 with the option to renew. While PNM Resources—the parent company of PNM—sought to renew the contract, Avangrid declined. That […]

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