New Mexico AG faces fraud probe over power company merger

 

Complaints filed by five environmental and civic groups contend New Mexico Attorney General Hector Balderas violated state fraud laws by hiring the firm of an old friend to work on the proposed merger of Public Service Company of New Mexico and Avangrid.

 

The five environmental and civic groups behind the complaint are asking State Auditor Brian Colón to investigate the potential violations as well as alleged “overbilling and duplicative billing” by a firm where Balderas’ longtime friend Marcus Rael is a partner reported Capital and Main.

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