The New Mexico Public Service Company and Connecticut’s Avangrid say they met conditions cited by a Public Regulation Commission official in their efforts to merge.
The two utilities announced on Friday that they have “agreed to all of the terms” outlined by PRC hearing examiner Ashley Schannauer. A few weeks ago Schannauer, a kind of recommendation judge of the five-member commission, published a report that criticized many aspects of the merger efforts.
Pat Vincent-Collawn, PNM’s chief executive officer, said the companies addressed the auditor’s concerns and added additional regulatory obligations.
“We all want the best for New Mexico,” Vincent-Collawn said in a press release.
The companies hoped that their response would help the Commission determine that the merger was in the best interests of the state.