Blackstone Infrastructure is acquiring TXNM Energy, an Albuquerque based energy holding company that owns regulated utilities, TNMP and PNM. The transaction includes $61.25 per share in cash upon ...

Private equity firm Blackstone reached an agreement Monday to purchase TXNM Energy, in an $11.5 billion deal that reinforces ...

(Albuquerque, NM) – TXNM Energy, the parent company of Public Service Company of New Mexico (PNM), today announced it has entered into an agreement under which Blackstone Infrastructure will acquire ...

Blackstone Infrastructure has agreed to acquire the parent company of New Mexico's largest electricity provider, marking a potential major shift in the state's energy landscape. TXNM Energy Inc., the ...

Including debt and preferred stock, the deal values the parent of PNM and TNMP at about $11.5 billion. It is expected to ...

Rumors of the potential sale began in March. The transaction, unanimously approved by TXNM Energy’s board of directors, is ...

PNM IS ONE STEP CLOSER TO GETTING A NEW PARENT COMPANY. TXU ENERGY AGREED TO BE ACQUIRED BY BLACKSTONE INFRASTRUCTURE, ...

TXNM Energy, the parent company New Mexico’s largest electricity provider, PNM, announced Monday that it has entered into an ...

PNM announces its parent company TXNM has entered into a potential sale agreement with private equity firm Blackstone ...

The deal would leave PNM headquartered in New Mexico and retain local management and employees, PNM said in a news release.

In effect, New Mexico’s attempt to implement its version of the “Green New Deal” is coming at a steep price. While PNM and the state tout environmental progress, ratepayers are being forced to fund ...

PNM customers will soon be charged more in their electric bills.The New Mexico Public Regulation Commission approved a phased ...