Emera Inc. has completed the sale of New Mexico Gas Company (NMGC) to Bernhard Capital Partners. The New Mexico Public Regulation Commission issued final regulatory approval in late July 2026. This closing follows the initial transaction announcement made in August 2024.
NMGC remains the largest natural gas utility in New Mexico. The company serves more than 550,000 customers. It will continue operating under its current name and management team from its Albuquerque headquarters.
Emera is divesting the asset to optimize its portfolio. The company will reallocate the capital toward its core regulated utility operations and growth markets.