Texas Regulator OKs Blackstone's TXNM Energy Acquisition


   
   HOUSTON TX (DTN) -- The Public Utility Commission of Texas on Thursday (2/6) 
approved a unanimous settlement filed by Texas-New Mexico Power Company, 
clearing the way for Blackstone Infrastructure to acquire TXNM Energy.

   The settlement includes $45 million in rate credits for customers of 
Texas-New Mexico Power Company, TXNM's utility subsidiary, according to a 
statement from the regulator.

   The transaction represents Blackstone Infrastructure's expansion into 
southwestern U.S. electric utilities, serving nearly 800,000 customers across 
Texas and New Mexico.

   Blackstone has committed to funding TXNM's five-year capital expenditure 
plans and maintaining local operational control. The deal previously received 
approval from TXNM shareholders in August 2025 and cleared federal antitrust 
review.

   However, the merger still requires additional regulatory clearance from the 
Federal Energy Regulatory Commission, Nuclear Regulatory Commission, and New 
Mexico Public Regulation Commission before closing.

   Editor's note: This was created with AI based on information from TXNM Energy




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