N.M. Admin. Code § 17.6.450.15 - DIVESTITURE AND SPIN-OFF: COMMISSION APPROVAL REQUIRED
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.
Notes
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