Blackstone’s PNM Takeover Faces Headwinds | Santa Fe News

Blackstone’s proposed takeover of PNM’s parent company, TXNM, sparked a fiery six-hour public hearing with protesters chanting and DSA activists warning of future rate hikes, while construction unions backed the deal for its $20M job-training pledge—until regulators paused the acquisition after rejecting a $400M stock sale without prior approval, leaving PNM to defend its commitment to affordable, reliable, and clean energy for New Mexico. 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/a357327aa11fba15