ALBUQUERQUE, N.M. (AP) — The staff of New Mexico's Public Regulation Commission is calling for a hearing on a proposed merger between the state's largest electric utility and a U.S. subsidiary of global energy giant Iberdrola.
The staff reiterated their concerns in a filing Friday, saying the hearing should be scheduled for June 1 so regulators can hash out whether the deal is in the public's interest.
The filing notes that significant opposition still exists. Some critics have said a proposed agreement between PNM Resources and Connecticut-based Avangrid doesn't go far enough when it come to customer benefits or funds to support economic development in the state.