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New Mexico

Rio Rancho City Council votes on LEDA funding for potential rocket manufacturing facility

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4 months ago

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Rio Rancho City Council votes on LEDA funding for potential rocket manufacturing facility


SANDOVAL COUNTY, N.M. (KRQE) – As a rocket manufacturing company considers Sandoval County for its newest facility, the Rio Rancho City Council approved funding to sweeten the deal. But councilors laid down some conditions that the company needs to meet.

During a meeting this week, some city councilors said they were left out of the loop during discussions with the California-based company, Castelion, on their potential plans. The concerns they brought up include water pollution, increased traffic, and the use of city resources like emergency responders. “I don’t really have the words for my frustration in that our public safety have not been at the forefront. I think a seat at the table is not enough,” said Nicole List, Rio Rancho City Councilor.

Castelion is considering Sandoval County as a site for a facility to make rockets and missiles, and a county in Arizona is also in the running.

So far, Sandoval County and state leaders have set aside financial incentives to encourage Castelion to pick New Mexico. “When they’re ready to make a final decision and make a final announcement for the project, the state, the county, the City of Rio Rancho now, everybody has done their part,” said Wayne John, Sandoval County manager.

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Thursday night, it was Rio Rancho’s turn to vote on LEDA grant funding, as well as water use for the facility.

Councilors heard from those in favor of the facility and residents who worried about potential safety hazards. “Today, our country is severely significantly falling behind the Chinese and the Russians in the hypersonic race,” said Senator Jay Block (R-Rio Rancho).

“They want the Rio Rancho taxpayers, they’re asking us to build a road, send the water, and shoulder the long-term risks to our aquifer, our safety, our health, and possibly declining home values,” said Michael Farrell, a concerned resident.

City councilors said they were disappointed that they were not able to raise their concerns about the project earlier. They feared that once the facility is open, traffic will go through nearby neighborhoods, saying Paseo del Volcan needs to be extended to accommodate the increased flow. They also want more information on emergency planning, as Rio Rancho Fire Rescue would be responding to calls for the center.

After the discussion, councilors approved the resolution to provide LEDA funding to Castelion for the project. They amended the resolution to include a Memorandum of Understanding (MOU) where the county, city, and State Fire Marshall would have an agreement on which agency is responsible for the facility emergency calls. They also wanted an agreement with Sandoval County on the construction of Paseo Del Volcan to accommodate Castelion traffic.

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Another resolution was passed authorizing the city manager to negotiate water and possibly wastewater service with the company. Castelion has yet to make a final decision on the location for the facility.



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New Mexico

New Mexico spoils Nevada’s Senior Day as Lobos leave Reno with 63-56 win

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10 hours ago

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March 1, 2026

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New Mexico spoils Nevada’s Senior Day as Lobos leave Reno with 63-56 win


The Nevada women’s basketball team dropped its final home contest of the 2025-26 season on Saturday with New Mexico spoiling Senior Day and pushing past the Wolf Pack for a 63-56 win.

The Wolf Pack led 36-34 at halftime behind a hot-shooting start. Skylar Durley, Imbie Jones and Ahrray Young each had six points as Nevada shot 14-of-25 from the field (56%). But things cooled off in the second half, with the Lobos outscoring the Wolf Pack 19-13 in the third quarter to take a four-point lead into the fourth. Nevada’s shooting woes only worsened in the final period when it made just three field goals, including none in the final four minutes.

Durley led Nevada with 16 points and six rebounds. Young finished with 10 points, three rebounds and three assists. The Wolf Pack made just one three-pointer out of its nine attempts.

The loss drops Nevada to 9-20 overall, 5-14 within the Mountain West Conference. The Wolf Pack now heads to Utah State for Tuesday’s regular-season finale before opening the Mountain West Tournament play next Saturday in Las Vegas.

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Watch our coverage of the game below.

Highlights and reaction from Nevada’s loss to New Mexico.



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New Mexico

San Diego State vs New Mexico Prediction, Picks & Odds for Today’s College Basketball Game

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22 hours ago

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February 28, 2026

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San Diego State vs New Mexico Prediction, Picks & Odds for Today’s College Basketball Game


Expect the offenses to shine when SDSU visits New Mexico in The Pit today, per our college basketball betting picks.

Feb 28, 2026 • 10:23 ET

• 4 min read

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New Mexico

Public Service Company of New Mexico Declares Preferred Dividend

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1 day ago

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February 28, 2026

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Public Service Company of New Mexico Declares Preferred Dividend


ALBUQUERQUE, N.M., Feb. 27, 2026 /PRNewswire/ — The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable April 15, 2026, to shareholders of record at the close of business March 31, 2026.

Background:
TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company’s website at www.TXNMEnergy.com.

CONTACTS:
Analysts
Lisa Goodman
(505) 241-2160

Media
Corporate Communications
(505) 241-2743 

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SOURCE TXNM Energy, Inc.



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