New Mexico Regulators Hold Public Hearing on Proposed PNM-Blackstone Sale

The New Mexico Public Regulation Commission (NMPRC) is conducting a virtual public comment hearing today, February 12th, regarding the proposed acquisition of utility company PNM by Blackstone Infrastructure. PNM and TXNM Energy Inc. are seeking regulatory approval for their sale to Troy ParentCo LLC, a subsidiary of Blackstone Infrastructure. This session is part of a series of hearings, with additional public comment opportunities scheduled. One notable upcoming hearing will take place in Albuquerque on February 17th. The NMPRC's review is a crucial step in the regulatory process for this significant transaction. While important for the involved parties, the hearing itself is a procedural step and not a final decision. The outcome will determine the future ownership and operational structure of PNM.