New Mexico DOJ scrutinizes Blackstone-TXNM deal over potential ratepayer costs

New Mexico's Department of Justice is investigating whether Blackstone's acquisition of renewable-energy developer Txnm—which involves PNM Resources—could impose undisclosed costs on utility ratepayers, after a stock sale was previously rul

First covered Sep 14, 2026 · 8:28 AM PT · 1 article · no longer in the live window

Coverage

12d Utility Dive Blackstone-TXNM deal faces fresh questions from New Mexico DOJ — TXNM unwound a Blackstone stock sale ruled illegal, but the state Department of Justice is seeking more information related to potential indirect costs to PNM…

More coverage from around the web

pnm.com TXNM Energy and Blackstone Infrastructure Acquisition

abqjournal.com TXNM Energy, PNM’s parent company, files $11.5 billion Blackstone acquisition with state regulators | Business | abqjournal.com

pestakeholder.org Blackstone stock purchase may have violated New Mexico state law

prospect.org Consumer Advocates Could Derail Blackstone’s Utility Acquisition - The American Prospect

pestakeholder.org Blackstone plans to acquire multi-utility TXNM, raising concerns about energy affordability

Appeared in: 2026-09-14 (#9) · 2026-09-15 (#10)

← Back to the brief