Blackstone Infrastructure will acquire utility company TXNM Energy in an $11.5 billion deal, including debt, as the ...

TXNM Energy, the parent company New Mexico’s largest electricity provider, PNM, announced Monday that it has entered into an ...

The deal would leave PNM headquartered in New Mexico and retain local management and employees, PNM said in a news release.

Including debt and preferred stock, the deal values the parent of PNM and TNMP at about $11.5 billion. It is expected to ...

Blackstone Infrastructure agreed to acquire TXNM Energy for $61.25/share in cash, reflecting a total enterprise value of $11.5B including net debt.

Blackstone Infrastructure Partners’ announced acquisition of the largest New Mexico regulated utility provider; a recent exit ...

After two decades of little change, power demand in the US is expanding on the back of the construction of new data centers ...

Asset manager Blackstone is expanding its flourishing infrastructure business with a deal to buy energy holding company TXNM Energy for nearly $5.7 billion in cash. Blackstone Infrastructure has ...

PNM IS ONE STEP CLOSER TO GETTING A NEW PARENT COMPANY. TXU ENERGY AGREED TO BE ACQUIRED BY BLACKSTONE INFRASTRUCTURE, ...

“This agreement will provide the financial resources necessary to thrive in this rapidly changing energy environment,” said PNM President and CEO Don Tarry. “Our focus has been and will ...

We’ve integrated new resources to supply over two-thirds of PNM electricity needs with carbon-free energy and supported double-digit demand growth at TNMP,” Pat Collawn, chair and CEO of TXNM ...

Blackstone Infrastructure plans to acquire US utility company TXNM Energy for $11.5 billion. TXNM Energy provides electricity ...