N.M. Admin. Code § 17.6.450.15
Current through Register Vol. 35, No. 21, November 5, 2024
An affiliate or a holding company may not divest itself of or spin-off a public utility without the prior written approval of the Commission. The Commission shall investigate such divestiture or spin-off and shall give its approval only upon a showing that such divestiture or spin-off is in the public interest.
N.M. Admin. Code § 17.6.450.15