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TXNM Energy, parent of PNM, seeks $11.5B Blackstone buy for New Mexico's energy upgrade.
TXNM Energy, parent company of PNM, has filed a $11.5 billion acquisition deal with Blackstone Infrastructure, pending regulatory approval.
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.
Approval processes with state and federal regulators could take up to a year.
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TXNM Energy, la empresa matriz de PNM, busca una compra de Blackstone por 11.500 millones de dólares para la mejora energética de Nuevo México.