By Julia Goldberg | Editor-in-Chief
Happy Tuesday, everyone. Below, find stories kicking off the week on topics ranging from New Mexico’s water supplies to the ongoing fight over online gambling and its impact on the state’s tribes and pueblos, with plenty of politics from near and far as well. You’ll find more to read today (and always) at sourcenm.com. Thanks for being here.
The dry riverbed of the Rio Grande is seen next to pecan orchards in Radium Springs, N.M., before annual water releases began on May 30. (Photo by Paul Ratje)
The clock is ticking for New Mexico to cut Rio Grande water use
After 13 years, Texas and New Mexico have finally reached a settlement in a U.S. Supreme Court case over Rio Grande water management, Martha Pskowski writes for Inside Climate News. Now comes the hard part. Pskowski writes about what this means for the state in an in depth story accompanied by images from photojournalist Paul Ratje.
Officials with PNM’s parent company and Blackstone Infrastructure announced they’re extending the deadline for their proposed merger to mid-2027, after the New Mexico Public Regulation Commission found a $400 million stock sale violated state law. (Photo by Danielle Prokop for Source NM)
PNM, private equity firm extend merger deadline to mid-2027 after regulators deem stock sale illegal
The parent company of New Mexico’s largest electricity provider and the private equity firm looking to acquire it are extending the deadline for their pending merger to mid-2027. The announcement follows state regulators’ finding that TXNM Energy Inc. and Blackstone Infrastructure violated state law by conducting a $400 million stock sale in 2025 without approval from the New Mexico Public Regulation Commission.
Ken Miyagishima, a former Las Cruces mayor who ran for governor as an independent after unsuccessfully mounting a Democratic campaign, pictured in the New Mexico Secretary of State’s office on June 25, 2026. (Photo by Joshua Bowling/Source NM)
Ken Miyagishima, a former longtime mayor of Las Cruces who couldn’t get on New Mexico’s November ballot as an independent gubernatorial candidate, on Friday announced he was officially dropping out of the race and backing former Rio Rancho mayor and Republican nominee Gregg Hull.
U.S. Sen. Martin Heinrich (D-N.M.) led a dozen Democratic Senate colleagues in urging Republican majority senators to crack down on online sports gambling platforms, which he says undermine tribal sovereignty and state-tribal gaming compacts. (Casino photo by Patrick Lohmann/Source NM; Heinrich photo by Leah Romero for Source NM)
US Sen. Heinrich, New Mexico tribes seek rules to rein in prediction markets
U.S. Sen. Martin Heinrich (D-N.M.), along with local Indigenous tribes and pueblos, is urging Republican senators to restrain online gambling apps, saying the unregulated platforms pose an “existential threat” to tribal gaming rights and sovereignty. Source’s Patrick Lohmann reports the push comes amid lawsuits from New Mexico’s attorney general and a group of tribes and pueblos seeking to crack down on gambling platform Kalshi.
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