News

E&E News1d
Blackstone to acquire New Mexico utility
Private equity firm Blackstone reached an agreement Monday to purchase TXNM Energy, in an $11.5 billion deal that reinforces ...
Blackstone’s $12 bln utility deal tempts overload
The buyout shop’s infrastructure fund is using all equity to buy US power provider TXNM, a possible sign of ...
T&D World1d
Blackstone Buying TXNM
Including debt and preferred stock, the deal values the parent of PNM and TNMP at about $11.5 billion. It is expected to ...
Albuquerque Journal1d
PNM’s parent company announces $11.5 billion proposed sale to Blackstone
TXNM Energy Inc., the parent company of Public Service Company of New Mexico, which serves some 550,000 customers, formally ...
Blackstone Is in Talks for New Mexico Utility Owner TXNM
Blackstone Inc. is in talks to acquire TXNM Energy Inc., the owner of New Mexico’s largest utility, according to people ...
Why Is TXNM Energy Stock Soaring On Monday?
TXNM Energy, Inc. (NYSE: TXNM) will be acquired by Blackstone Infrastructure for $61.25 per share in cash, representing a ...