Public Service Company of New Mexico and its parent company TXNM Energy are asking regulators to sign off on its $11.5B sale to Blackstone. (Source NM)
The New Mexico utility says the deal gives it the “financial strength to transform our grid.”
Blackstone pledged to hold TXNM for at least 10 years, honor current union contracts, and deliver $105M in rate credits, plus funding for low-income support and clean energy projects.