Letter to the Editor 4/17/2026

New Mexico residents, consumer advocates, and community groups are expressing strong opposition to the proposed $11.5 billion acquisition of the utility company PNM by Blackstone Infrastructure. Critics fear that the private equity firm will prioritize corporate profits over utility reliability, potentially leading to "rate shock" and skyrocketing electricity rates for customers across the state. A significant concern highlighted by opponents is the potential for Blackstone to leverage PNM's grid to power its own energy-intensive AI data centers. This anticipated demand is feared to place additional strain on New Mexico's infrastructure, potentially resulting in water and energy shortages for local residents. The broader sentiment reflects a desire to maintain local control and accountability over essential public services. To formally voice their concerns, the public is being urged to submit comments to the New Mexico Public Regulation Commission (NMPRC) by May 1st. Comments can be sent via email, through the NMPRC e360 online portal, or by mail, with all correspondence required to reference Case No. 25-00060-UT to ensure inclusion in the official record of the regulatory proceeding.