Core Viewpoint - TXNM Energy has filed applications for approval of its proposed acquisition by Blackstone Infrastructure with multiple regulatory bodies, highlighting significant benefits for customers and communities in New Mexico and Texas [1][3][6]. TXNM Energy Overview - TXNM Energy is an energy utility holding company based in Albuquerque, New Mexico, serving over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM [9]. NMPRC Application - The NMPRC regulates PNM, TXNM Energy's utility in New Mexico, which serves approximately 550,000 customers [2]. - The application includes benefits such as a $105 million rate credit over four years, a $10 million contribution to the PNM Good Neighbor Fund over 10 years, $35 million in economic development funding, and $25 million for innovative technologies to support carbon-free energy transition [3]. PUCT Application - The PUCT regulates TNMP, TXNM Energy's utility in Texas, serving around 280,000 customers [5]. - The application proposes a $35 million rate credit over four years, $10 million in economic development funding for workforce development over 10 years, and $5 million in additional community support over 10 years [6]. FERC Application - FERC oversees PNM's wholesale electricity and transmission services, and the filing asserts that the acquisition aligns with public interest without adverse effects on competition or rates [8]. - The FERC has a 180-day statutory timeframe for consideration of the application [8]. Regulatory Timelines - The NMPRC review process is expected to take up to a year [4]. - The PUCT has a 180-day statutory timeframe for its review [7]. - FERC also has a 180-day statutory timeframe for its consideration [8].
TXNM Energy Files Regulatory Applications