Deal to purchase New Mexico Gas Co. opposed

March 15, 2014 • State News

ALBUQUERQUE, N.M. (AP) — A Florida company making a bid to buy New Mexico Gas Co. will address concerns about layoffs and costs to consumers at a public hearing next week.

The state attorney general and other New Mexico stakeholders have expressed worries about Teco Energy Inc. purchasing the utility, the Albuquerque Journal reported Saturday ( ).

Teco reached an agreement last May with Continental Energy Systems LLC, the parent company of New Mexico Gas, worth about $950 million, including the assumption of $200 million in debt. The company in September filed for Login to read more

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