New Mexico legislation · 2026 Regular Session
New Mexico SM9: STUDY STATE PURCHASE OF UTILITIES
Status: In committee, January 26, 2026
What the bill says
From the introduced text, January 26, 2026:
wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ SENATE MEMORIAL 57TH LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 2026 INTRODUCED BY Harold Pope and Patricia Roybal Caballero A MEMORIAL REQUESTING THE LEGISLATIVE FINANCE COMMITTEE TO STUDY THE PUBLIC BENEFIT OF ONE OR MORE STATE INVESTMENT FUNDS PURCHASING AN EQUITY INTEREST IN CERTAIN UTILITIES AND TO REPORT ITS FINDINGS PRIOR TO THE FIFTY-EIGHTH LEGISLATURE. WHEREAS, private equity firms are currently seeking approval from the public regulation commission to acquire the New Mexico gas company and TXNM energy, inc., the parent company of the public service company of New Mexico; and WHEREAS, the public regulation commission is currently evaluating those approval requests, but there is no statutory deadline by which a decision must be made; and WHEREAS, the utilities sought to be acquired by the private equity firms provide essential services to New Mexico residents, collect billions of dollars of revenues from New .233192.2 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ Mexico residents and have a significant impact on New Mexico's economy, as well as the health and well-being of its residents; and WHEREAS, New Mexico currently has a number of funds that invest money for the purpose of benefiting New Mexico and its residents; and WHEREAS, if a state investment fund purchased an equity interest in the utilities, …
Sponsors
- Harold Pope (D, SD-023) · primary sponsor
- Patricia Roybal Caballero (D, HD-013)
Latest actions
- : Sent to SRC - Referrals: SRC/SFC
- : Action Postponed Indefinitely
Subjects: MEMORIALS, OTHER, STATE AGENCIES & DEPARTMENTS (including reorganization), UTILITIES (sewer, electric, gas, water, telephone)
Common questions
- What is SM9?
- SM9 is a bill in the New Mexico Legislature (2026 Regular Session): STUDY STATE PURCHASE OF UTILITIES.
- What is the status of SM9?
- In committee as of January 26, 2026. Latest action: Sent to SRC - Referrals: SRC/SFC (January 26, 2026).
- Who sponsored SM9?
- Harold Pope (D, SD-023), with 1 co-sponsor.
- Where is the official record for SM9?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=M&legNo=9&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.