Out-of-state ‘eco-left’ corporation acquires PNM Resources after donating thousands to MLG, Dems

On Wednesday, the wind energy company AVANGRID announced it would be acquiring PNM Resources, New Mexico’s largest utility. AVANGRID is the third-largest wind utility company in the U.S. The Spanish Iberdrola, S.A owns the company. 

Some groups are blasting the utility’s acquisition of PNM, saying AVANDRID is an “eco-company based thousands of miles away that doesn’t seem to care about our energy workers,” as Larry Behrens of Power the Future noted.

“We are excited to be part of this transaction that provides so many benefits to our customers, communities, employees and shareholders,” said Pat Vincent-Collawn, chairman, president and CEO of PNM Resources. “Our combined companies provide greater opportunities to invest in the infrastructure and new technologies that will help us navigate our transition to clean energy while maintaining our commitments to our local teams and communities.”

But the move comes after Gov. Michelle Lujan Grisham and New Mexico Democrats took thousands of dollars from the out-of-state conglomerate, with its U.S.-based headquarters in Orange, CT. According to public records on the New Mexico Secretary of State’s website, the company donated $1,000 in October to the New Mexico House Democratic Campaign Committee and directly after the 2018 election, it donated $2,500 to Gov. Michelle Lujan Grisham’s campaign.

According to AVANGRID’s press release about the PNM deal, “AVANGRID currently owns 1,900 MW of renewable energy and a pipeline of 1,400 MW of renewables assets in New Mexico and Texas.  In addition, Iberdrola operates a retail business in Texas. For more than 15 years, Iberdrola has also funded the King Felipe VI Chair in the Department of Electrical and Computer Engineering at the University of New Mexico.” 

The company also noted in its press release their plan to withdraw from the San Juan Generating Station near Farmington. “The closure of the generating station will destroy hundreds of jobs and cause revenue losses for New Mexico communities,” notes Power the Future. 

The organization previously noted AVANGRID’s involvement in New Mexico politics in May, raising questions about its donations to Gov. Michelle Lujan Grisham.

In 2019, Grisham also took a vacation to Gran Canaria, an island in Las Palma Spain, according to documents obtained through an Inspection of Public Records Act request, showing the Governor had Lt. Gov. Howie Morales serve as acting-Governor while she was out of the country. Iberdrola has multiple service points and locations on the Gran Canaria island. 

It is unclear why anyone lobbied the governor by financing the trip or how much New Mexicans paid for her non-publicized private trip abroad. However, the New Mexico taxpayers paid for her security while she was in Spain.

It is also unclear if there were any joiners on the trip other than her staff and security agents. Could the Governor’s close friend and former business partner New Mexico Rep. Debbie Armstrong have joined the trip as well? 

The documents obtained through the IPRA show receipts from Madrid and Gran Canaria, the pay stub to Lt. Gov Morales, showing he was acting in Luajn Grusham’s stead, as well as the Governor’s calendar showing she was gone through

In 2015, PNM opened a wind farm in Cibola County, which appears to be the wind farm Gov. Lujan Grisham shot her 2018 “Turbine” ad, where she touted her “green energy” proposals while running for governor. AVANGRID has a wind farm called “El Cabo” in Torrence County. 

In 2019, NPR noted wind energy’s issue with turbine blades going to the landfill, negating the supposed “green” value of the energy source. Millions of birds and bats also face their demise each year due to the turbines.

2 thoughts on “Out-of-state ‘eco-left’ corporation acquires PNM Resources after donating thousands to MLG, Dems”

  1. You may not realize this, but the vote on the PRC is so this company can bring in SMART meters to your home. If you didnt stand up against the lock down, chances are most will accept the SMART meter on their home, thus causing more illness.

  2. The wind-gen companies are often unprofitable and they cannot put up new machines without significant tax subsidies. Once such incentives expire, it has been shown that many of these huge machines, which despoil the beautiful landscape and generate electricity insufficient to justify their construction, are allowed to fall into disrepair. The power plants they are supposed to displace cannot be taken out of operation because when there is a shortfall in production of electrical power such that the ugly generators cannot meet the needs of the community, then the coal- or gas-fired power plants have to make up the difference. Throwing tax monies at foreign companies reduces funds available for maintaining the electrical grid, so that during wildfire season it may become necessary to cut power to the grid, forcing people to do without power during the hottest time of the year. See: California.

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