Posted inJobs, Workers & Economy, New Mexico

PNM seeks approval to be bought by Blackstone

PNM filed an application Monday with the New Mexico Public Regulation Commission seeking approval for Blackstone Infrastructure to acquire TXNM Energy, PNM’s parent company, in a deal that would provide $175 million in benefits to customers and communities. The proposed acquisition includes the largest utility acquisition rate credit in New Mexico history at $105 million […]