OPINION: Civility, not hostility, is key to New Mexico's energy future

I recently attended a public meeting regarding the proposed acquisition of TXNM Energy (the parent company of Public Service Company of New Mexico) by Blackstone. My expectation was a thorough and respectful exchange of perspectives on an important energy decision for New Mexico. Instead, the meeting revealed a level of tension and polarization that made productive discussion virtually impossible.

Some participants raised thoughtful concerns about the acquisition, and these points merit careful consideration. However, the overall tone of the room was highly adversarial. Commissioners faced open criticism and disrespect, individuals who expressed cautious support for the proposal encountered dismissive or discouraging responses. The environment signaled that certain viewpoints were unwelcome, limiting open dialogue.

This dynamic should be concerning to all New Mexicans, regardless of their position on the acquisition. A healthy democratic process depends on the free exchange of differing opinions. While strong debate is valuable, civility is essential. When people feel reluctant to speak due to fear of negative reactions, the quality of public discussion suffers.

The proposed acquisition by Blackstone does not alter PNM’s core structure, mission or operational responsibilities. Regulatory oversight would remain in place, and day-to-day operations would continue as they do today. The primary change involves access to long-term capital — resources that could support system modernization and future investment.

Blackstone’s financial capacity will help PNM strengthen grid reliability, pursue infrastructure upgrades and invest in the transition to cleaner energy sources over time. Such investment will provide stability for both the company and its workforce while reducing reliance on short-term funding solutions.

For New Mexico’s workforce, long-term investment has the potential to support job stability and economic growth. Opportunities for expansion, skill development and sustained employment are important for communities across the state, where economic diversification remains a priority.

Public input is essential to this process. Questions should be addressed thoroughly, and all viewpoints deserve to be heard. However, when public forums become adversarial to the point where open participation is discouraged, both the process and public trust are negatively affected.

New Mexico deserves a constructive, fact-based conversation about its energy future — one rooted in respect for differing perspectives and a shared interest in supporting the people who operate, maintain and rely on our energy systems. Civility is not a limitation; it is a necessary foundation for sound decision making.

Respectful engagement ensures that all voices can contribute meaningfully to the outcome.

Jim Chynoweth is the New Mexico market leader for CBRE, a Fortune 500 commercial real estate company.