NEW MEXICO (KRQE) – The conflict surrounding the future of the state’s largest electric utility company is intensifying once again. This time, state regulators have deemed a multi-million dollar stock sale between PNM and the company attempting to acquire it as illegal. Last year, PNM’s parent company, TXNM, sold $400 million in stock to the […]
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Acquisition of PNM faces new hurdle after PRC findings
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