Texas Commission Approves TXNM Energy Acquisition by Blackstone Infrastructure
TXNM Energy, Inc.TXNM Energy, Inc.(US:TXNM) Prnewswire·2026-02-06 17:11

ALBUQUERQUE, N.M., Feb. 6, 2026 /PRNewswire/ -- Today, the Public Utility Commission of Texas (PUCT) approved a unanimous settlement filed in the application by Texas-New Mexico Power Company (TNMP) for TXNM Energy (NYSE: TXNM), the parent company of TNMP, to be acquired by Blackstone Infrastructure. The approval confirms that the acquisition is in the public interest. Terms of the settlement include $45 million in rate credits to customers, strong governance and local oversight, dividend restrictions, fin ...