Blackstone TXNM Merger Under Fire | Santa Fe News

A $11.5 billion merger between Blackstone Infrastructure and TXNM Energy—owner of New Mexico’s largest power provider, PNM—is under fire as regulators weigh public input. Critics warn of rate hikes and profit-driven decisions, while supporters tout job creation, apprenticeship funding, and critical grid upgrades. Commissioners face a tough call: balancing affordable energy with investor returns as the state’s infrastructure demands grow. 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/45fce37e61efcc97