16 NM lawmakers sign letter opposing proposed private equity acquisition of PNM

By: Joshua Bowling

Outlets: Source New Mexico

Published: April 27, 2026

Words: 528

Last Updated: 2 months, 2 weeks ago

Body Text Preview

A group of 16 New Mexico lawmakers on Friday co-signed a letter to the Public Regulation Commission to oppose a private equity firm’s bid to acquire the state’s largest electric company.

Private equity firm Blackstone Infrastructure and PNM’s parent company, TXNM Energy Inc., first announced plans for the $11.5 billion acquisition in 2025, setting in motion regulatory hearings by the state Public Regulation Commission. While critics and public officials including the New Mexico attorney …

Create a free account to access this story and more

Join Plucky Wire to access full stories, collaborate with newsrooms, and discover content from networks around the world.

About

FAQ

Email Us