Lights out for Avangrid’s PNM Acquisition
PNM wind turbines in New Mexico. Avangrid has called off its proposed acquisition of PNM Resources, the parent company of PNM, New Mexico’s largest investor-owned utility. | Shutterstock
Jan 2, 2024
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Avangrid has pulled the plug on its proposed $8.3 billion acquisition of PNM Resources, as final approval for the deal remains tied up at the New Mexico Supreme Court.