Private equity firm returns $13.3M to PNM’s parent company following criticism

Private equity firm returns $13.3M to PNM’s parent company following criticism

Regional bulk transmission lines crisscross the area between Golden and Madrid along New Mexico Highway 14. (Photo by Danielle Prokop for Source NM)The private equity firm seeking to acquire New Mexico’s largest electric provider has returned more than $13 million in dividends it earned from a stock sale that state utility regulators in July determined to be illegal, recent filings show. GET THE MORNING HEADLINES. SUBSCRIBE The New Mexico Publ…