Blackstone to acquire TXNM Energy for $11.5bn.

Blackstone, a private equity firm, agreed to acquire TXNM Energy, an energy holding company, for $11.5bn. “Our successes at TXNM Energy have stemmed from a deliberate approach to investing in PNM and TNMP in a manner aligned with the priorities of our customers and communities. We’ve integrated new resources to supply over two-thirds of PNM electricity needs with carbon-free energy and supported double-digit demand growth at TNMP. We are excited to form this long-term partnership with Blackstone Infrastructure to build upon these successes. We will continue to collaborate with customers, communities, legislators and regulators to achieve our shared goals for a reliable, resilient grid to support economic prosperity and clean energy,” Pat Collawn, TXNM Energy Chair and CEO.