Listen to attorney Mariel Nanasi with @newenergyeconomynm explain how Blackstone is already breaking NM laws
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Blackstone is not above the law. Listen to attorney Mariel Nanasi with @newenergyeconomynm explain how Blackstone is already breaking NM laws
Give Public Comment in Santa Fe, Thursday, February 26th 10 AM State Capitol, room 321, in person or virtually.
@newenergyeconomynm filed a joint response motion to urge the PRC to enforce a clear statutory mandate, declare Blackstone’s unlawful purchase of TXNM (PNM) stock void and deny the proposed merger! 🔥🔥🔥
PNM/TXNM didn’t obtain authorization from the PRC commission before they issued and Blackstone/Troy acquired $400 million in stocks.
The transaction therefore is void.
The merger must be denied
If the largest utility in our state and the world’s largest private equity firm can disregard clear statutory requirements at the threshold of review, what message does that send?
The PRC Commission must apply the law as written. It has no lawful option to do otherwise.