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Jul 31, 2026
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New Mexico Gas Sale Approved

OBBM Network Editorial Staff
July 30, 2026
New Mexico Gas Sale Approved

New Mexico Gas company is set to be sold for $1.25 billion to Saturn Utilities Holdco, LLC, a private equity company in Louisiana.

Details of the Sale

As part of the sale, all base rates will be frozen through January 2028, and the buyer will also invest $10 million in economic development through low-income assistance programs and charities. The sale is also expected to bring 20 new full-time jobs.

Original reporting: KOAT Albuquerque — read the source article.

OBBM Network Editorial Staff

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Editorial team behind OBBM Network — independent, hyper-local journalism syndicated through HyperLocalLoop and OBBM Network TV.

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