AGP Executive Report
Last update: 4 hours agoUtility Deal: New Mexico regulators cleared the way for hearings on Blackstone’s proposed takeover of PNM’s parent company to continue. Hearing examiners declined to investigate a separate $200 million stock sale to Zimmer Partners and approved revisions to the acquisition terms. Medicare Coverage: Three insurers are withdrawing from New Mexico’s Medicare Advantage market, leaving tens of thousands of members to find new plans. Presbyterian alone says about 30,000 members are affected; the enrollment deadline is Dec. 7. State Government: Rep. Andrea Reeb resigned after a federal judge ruled her simultaneous service as a lawmaker and special prosecutor violated the state Constitution’s separation of powers. Election Changes: Voters will consider four constitutional amendments, including a proposal requiring the governor to explain vetoes and ending the pocket veto. Expanded early voting is underway ahead of the Nov. 3 election. Las Cruces Jobs: EquipmentShare plans to open a facility in the city’s Innovation & Industrial Park, with up to 50 jobs expected.
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