Either party may terminate the deal it's not consummated by that date, subject to conditions and a three-month extension by mutual consent, according to the statement.
The companies have filed a notice of appeal with the New Mexico Supreme Court over the December 2021 rejection by the New Mexico Public Regulation Commission of a stipulated agreement for merger approval, Avangrid said.
The merger received approval from five federal agencies and the Public Utility Commission of Texas in 2021, according to the company.
Price: 49.82, Change: +0.18, Percent Change: +0.36
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