Episode Details

New Mexico Gas Company is being bought for $1.25 billion by Saturn Utilities Holdco, a Louisiana private equity firm, sparking major changes in the state’s energy scene. The new owners are freezing gas base rates through January 2028 and pledging $10 million to support low-income families and local charities. This comes just one day after another big energy deal—Blackstone’s proposed acquisition of PNM’s parent company—was under public review, signaling a whirlwind of major investments reshaping New Mexico’s energy future.

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