New Mexico Gas private fund sale approved by state regulators 2-1

EMA Emera Inc

$46.64 -2.59%

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1. 1New Mexico state regulators approved Bernhard Capital Partners' acquisition of New Mexico Gas in a 2-1 vote on Thursday
2. 2The $1.25 billion deal sees Emera (EMA) sell the gas company, which it has held since 2016, to a private equity fund
3. 3The agreement includes benefits such as a $22.4 million rate credit, but the dissenting commissioner determined the risks outweigh the benefits and are not in the public interest

Source Albuquerque Journal, N.M. +1 · View original ↗

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