New Mexico regulators will be watching closely from now through the early days of the new year to see if the conditioned approval they gave last Thursday to PNM Resources sale of its natural gas utility business will avoid a request for rehearing or a challenge to the New Mexico Supreme Court.
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Merger of Nevada Utilities Conditioned on Plant Sales
Despite a plea from Nevada regulators to postpone action, theFederal Energy Regulatory Commission last week readily approved a$4 billion merger of the state’s biggest electric and gas providers- Sierra Pacific Power and Nevada Power.
April 19, 1999
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