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Avangrid acquisition of Texas–New Mexico Power

Carolyn Berry submitted testimony on behalf of the Staff of Public Utility Commission of Texas analyzing the proposed Avangrid acquisition of Texas–New Mexico Power (TNMP), a regulated transmission and distribution company. In her testimony (available here), Dr. Berry recommended tighter governance and financial commitments to protect Texas consumers from increased risks and new competitive commitments to protect the Texas electric markets from anti-competitive concerns. She also recommended an increase in the credit to customers to better balance customer and shareholder benefits and to reflect the value that TNMP brings to the transaction.

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