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Podcast: New Mexico in Focus (A Production of NMPBS)
Episode: Avangrid’s Track Record in Maine, Possible Return of Double Dipping & John Waconda's New Role | 11.1.21
Description: New Mexicans are facing some potentially big changes when it comes to the state’s electrical utility, thanks to a proposed merger between PNM Resources and Avangrid, the U.S. subsidiary of a Spanish power company, Iberdrola.
If the merger goes through, Avangrid would buy PNM Resources, which includes Public Service Company of New Mexico and Texas-New Mexico Power. According to the Santa Fe New Mexican: “The proposed merger is an $8.3 billion deal with a total of $4.3 billion going to shareholders and Avangrid paying off $4 billion in PNM debt.”
How the merger might play out in New...