Blackstone Set to Acquire TXNM Energy After Unanimous Texas Settlement Approval
ByAinvest
Monday, Dec 15, 2025 5:32 pm ET1min read
TXNM--
Blackstone is set to acquire TXNM Energy, formerly PNM Resources, following a unanimous Texas settlement. The energy holding company provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas through its regulated utilities, PNM and TNMP. PNM serves nearly 550,000 New Mexico customers, while TNMP provides transmission and distribution services in Texas.
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