NM residents take control of state meeting’s public comment to oppose PNM private equity acquisition

By: Joshua Bowling

Outlets: Source New Mexico

Published: February 26, 2026

Words: 402

Last Updated: 2 weeks ago

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A small crowd attended Thursday morning’s New Mexico Public Regulation Commission meeting to oppose a proposed private equity takeover of the state’s largest electric provider — a topic that wasn’t on the agenda.

Blackstone Infrastructure, a private equity firm, and TXNM Energy Inc, PNM’s parent company, jointly announced acquisition plans last May. The companies at the time asked PRC commissioners to sign off on the $11.5 billion deal, which would give ownership of …

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