BX · News · 20260914N
TXNM Merger Regulatory Review
Blackstone Inc. · 2026-09-14 · Importance 58 · Surprise 42 · In source text
The New Mexico Department of Justice is seeking details on the financial impact of Blackstone’s TXNM acquisition on ratepayers. The inquiry follows TXNM’s reversal of a $400 million stock sale, repayment to a Blackstone affiliate, and cancellation of the related shares. Regulators are examining replacement financing and potential effects on Public Service Company of New Mexico customers. The companies extended the merger termination deadline to May 31, 2027, while regulatory review continues.
Key facts
- The New Mexico DOJ is seeking more details on the replacement financing and its potential impact on Public Service Company of New Mexico customers in connection with the Blackstone-TXNM acquisition. source
- Blackstone and TXNM extended their termination deadline for the merger to May 31, 2027. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | negative | committed | — | Blackstone and TXNM extended their termination deadline for the merger to May 31, 2027. |