PNM believes Avangrid merger is a “done deal”

Whatever you may think of the PNM/Avangrid merger that had been rejected by all five members of New Mexico’s Public Regulation Commission, the folks at Seeking Alpha seem to be on-target in their view that the merger is a “likely to close.”

Based on conversations and marketing materials like that below, it appears that once Gov.  Lujan Grisham names the new Commission to their seats on January 1 (under New Mexico’s new constitutional amendment), they will approve the merger.  After all, you don’t get the kind of branded marketing materials like for this upcoming balloon glow in Corrales without some level of confidence that the merger is indeed happening.

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