LOCAL COLUMN
OPINION: A stronger energy future means a stronger economic future in New Mexico
New Mexico stands at a pivotal moment in shaping its economic and energy future. The proposed acquisition of TXNM Energy, the parent company of Public Service Company of New Mexico, by Blackstone Infrastructure represents a significant opportunity to strengthen both.
Across our state and region, communities are competing for high-quality jobs and industry investment. From advanced manufacturing to aerospace, defense and emerging technologies, one factor consistently rises to the top: access to reliable, affordable and modern energy infrastructure. Without access, reliability, affordability, and modern infrastructure, economic growth stalls before it starts.
This proposal commits to not only long-term capital to support grid modernization and reliability, but also meaningful, direct benefits to New Mexicans. The $175 million in customer and community commitments, including rate relief, support for low-income households, and investment in economic development and energy transition efforts, reflects a clear alignment with the needs of our New Mexico residents and businesses.
Equally important is the commitment to maintain PNM鈥檚 presence in New Mexico. Local accountability and long-term partnership matter. Now is the time to ensure that infrastructure investments in our energy future translate into greater and real opportunities for our communities.
As the director of economic development for Sandoval County, with more than 20 years of experience working in economic development in New Mexico, I see firsthand the transformative potential a strong utility partner working in the best interest of economic growth can create.
As the New Mexico Public Regulation Commission evaluates this transaction, it is critical to consider the broader picture: Strengthening our energy infrastructure is essential to strengthening our economy.
Dora Dominguez is the former economic development manager for the city of sa国际传媒官网网页入口 and has been the economic development director for Sandoval County for six years.
