CAMEO+ eventCORPORATE2026-05-01馃嚭馃嚫
PNM and private equity firm defend $400M stock sale to New Mexico regulators
source: New Mexico Public Regulation Commission -> target: TXNM Energy Inc.
On 2026-05-01, New Mexico regulators held an evidentiary hearing on the proposed $400 million stock sale tied to Blackstone's planned acquisition of TXNM Energy and its subsidiary PNM. Lawyers for TXNM and Blackstone defended the transaction before the Public Regulation Commission in Santa Fe, saying the deal would provide capital for PNM. The hearing is part of the regulatory review of the $11.5 billion takeover announced in 2025.
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Location
Santa FeNew MexicoNorth AmericaUnited StatesNorth America35.687, -105.938
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