N.M. Regulators Order Blackstone to Explain TXNM Stock Purchase
Issue Could Snarl Blackstone's Acquisition of PNM and TNMP
A large crowd turned out for a New Mexico PRC public comment session on Feb. 5, with many speakers opposed to Blackstone's proposed purchase of PNM. | New Mexico PRC
Mar 12, 2026
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In a potential hurdle to Blackstone Infrastructure's acquisition of TXNM Energy, state regulators have ordered Blackstone to provide legal justification of its purchase of 8 million shares of TXNM Stock without the regulators' consent.
