PRC Orders Reversal of Blackstone/TXNM Energy Stock Sale 

7.10.26 – The proposed acquisition of TXNM Energy — the parent company of PNM, the state’s largest electric provider — by private equity giant Blackstone hit a snag this month. Host Nash Jones breaks down how a stock sale made last year between the two companies could at least temporarily delay the takeover.    

Host: Nash Jones 

For More Information: 
New Mexico utility regulators rule PNM, private equity firm must undo controversial $400M stock sale – Source New Mexico