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flag TXNM Energy, parent of PNM, seeks $11.5B Blackstone buy for New Mexico's energy upgrade.

flag TXNM Energy, parent company of PNM, has filed a $11.5 billion acquisition deal with Blackstone Infrastructure, pending regulatory approval. flag The deal, which includes significant customer rate credits and economic investments, aims to modernize PNM's energy infrastructure serving about 500,000 New Mexico customers. flag Approval processes with state and federal regulators could take up to a year.

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