New Mexico Administrative Code
Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES
Chapter 6 - AFFILIATE TRANSACTIONS
Part 450 - AFFILIATE TRANSACTIONS
Section 17.6.450.15 - DIVESTITURE AND SPIN-OFF: COMMISSION APPROVAL REQUIRED
Universal Citation: 17 NM Admin Code 17.6.450.15
Current through Register Vol. 35, No. 18, September 24, 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.
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