FERC Approves Blackstone’s $11.5B Acquisition of PNM
Proposed Sale Still Must Pass Scrutiny from NRC and State Regulators
PNM headquarters in Albuquerque, N.M. | Camerafiend, CC BY-SA-3.0 via Wikimedia Commons
Feb 23, 2026
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FERC approved Blackstone Infrastructure’s proposed $11.5 billion acquisition of TXNM Energy, rejecting concerns the deal could lead to adverse impacts on competition and rates.
