The International Brotherhood of Electrical Workers Local 611 is proud of the leadership provided by Attorney General Hector Baldares during the recent negotiations for the pending acquisition of PNM by Avangrid.
Attorney General Baldares delivered important benefits to our state’s rate payers, our indigenous communities, our local business, including resources for economic development.
The determination and insistence in protecting the interests of our workforce from his office will serve our state for years to come.
Specifically, the issue of PNM’s underfunded pension obligation, which is approaching 60 million dollars, is an ongoing concern for our members
Over 3,000 total participants are depending on their hard-earned pension benefits, this issue will be addressed during the acquisition process - protecting essential retirement income.
It is imperative that solvency of our pensions be considered on the same level of consideration as the millions in severance packages being offered to select corporate executives.
Baldares has once again stood up for New Mexico’s working families by fighting for the pension benefits of current and former PNM employees.