New Mexico residents turn out to UNM campus to weigh in on proposed private equity takeover of PNM

By: Joshua Bowling

Outlets: Source New Mexico

Published: July 28, 2026

Words: 684

Last Updated: 5 days, 22 hours ago

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New Mexico residents filled a ballroom on the University of New Mexico campus in Albuquerque on Tuesday to weigh in on a private equity firm’s proposal to take over the state’s largest electric provider.

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Blackstone Infrastructure’s proposed $11.5 billion merger with TXNM Energy Inc., the parent company of PNM, has proven controversial since it was first announced in 2025. Residents opposed to the acquisition have …

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