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The U.S. Nuclear Regulatory Commission (NRC) is considering an application from Arizona Public Service Company to approve the indirect transfer of certain licenses for the Palo Verde Nuclear Generating Station. This involves transferring possession-only rights from the Public Service Company of New Mexico to Avangrid Inc., making PNM and its parent company indirect subsidiaries of Avangrid. The NRC assures that the transfer will not impact PNM's responsibilities or the qualifications needed to hold the license. Public comments on the matter must be submitted by February 26, 2021, and anyone interested may request a hearing or petition to intervene by February 16, 2021.

The U.S. Nuclear Regulatory Commission (NRC) has approved a request for a two percent ownership transfer of certain licenses for the South Texas Project nuclear facilities, Units 1 and 2, from Constellation South Texas, LLC to CPS Energy, which acts for the City of San Antonio, Texas. This decision was made following an application submitted in July 2024, which asked the NRC to allow this transfer. After the transfer, both Constellation South Texas and CPS Energy will own 42 percent of the facilities. The approval requires the applicants to inform the NRC of all necessary regulatory approvals before finalizing the transaction within one year.