this post was submitted on 17 Feb 2026
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New Mexico

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Private equity giant Blackstone is trying to buy New Mexico’s largest utility provider.

The Public Service Company of New Mexico serves over 500,000 people.

Blackstone would make billions and execs would make millions, while the 40% of PNM customers in poverty get screwed.

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[–] WallaWallaWa@lemmy.world 3 points 4 days ago (1 children)

New Mexican here. I also lived in California in the desert, in Indio, where daytime temperatures routinely hit 115-120 with nighttime lows of 98 during the summer.  It was a fairly big house with two AC units. Our electric bills were high there, naturally.

Since moving back to New Mexico, I have a smaller house and only one AC unit. Even with lower sustained temperatures, our electric bills are as high or higher than what we paid in the desert in California.

If and when Blackstone takes over from PNM, I don't know how we'll continue to afford electric. It's just greed, greed, greed.

[–] nocturne@slrpnk.net 1 points 3 days ago

Home Solar and wind generation is going to be the only way forward.