Blackstone Diverts Funds After Regulatory Pushback | Santa Fe News

Blackstone’s controversial bid to buy out TXNM Energy hit a major snag after regulators nixed its unauthorized stock purchase and slapped it with a $300K fine — but now, in a surprising twist, Blackstone is returning $13.3 million in dividends to TXNM after a behind-the-scenes meeting with regulators, sparking fresh concerns among New Mexicans about rising electricity costs and the impact of private equity on public utilities. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/97d2bda1ff1d7544