TXNM Energy gets FERC approval for $11.5 billion Blackstone deal

Core Viewpoint - TXNM Energy has received approval from the U.S. Federal Energy Regulatory Commission (FERC) for its acquisition by Blackstone Infrastructure in an $11.5 billion deal, which includes debt [1]. Group 1: Acquisition Details - The acquisition deal is valued at $11.5 billion, which encompasses both equity and debt components [1]. - FERC determined that the transaction would not impair state or federal regulation and would not adversely affect rates [1]. Group 2: Regulatory Approval - The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, allowing the transaction to proceed [1].