PNM Files Application to Be Bought by Blackstone

PNM files application to be bought by Blackstone | News Channel 3-12

By Hamilton Kahn Click here for updates on this story    NEW MEXICO (KOAT) -- It won't happen until the state and federal governments

PNM files application to be bought by Blackstone

The deal includes a $105 million credit that would lower the average residential bill by 3.5%.

PNM files proposed $11.5B Blackstone takeover deal with New Mexico PRC

The massive private equity firm is offering about $105 million in customer rate credits as part of its proposal to acquire PNM.

New Mexico electric utility PNM files application for $11.5B Blackstone acquisition

Public Service Company of New Mexico and its parent company TXNM Energy on Monday filed an application with the state’s Public Regulation Commission for its acquisition by private equity firm Blackstone Infrastructure in an $11.5 billion deal announced last May.

PNM seeks state regulator's approval of $11.5B Blackstone acquisition

NEW MEXICO (KRQE) – PNM filed an application with the New Mexico Public Regulation Commission on Monday, seeking approval for the utility's parent company, TXNM Energy, to be acquired by Blackstone Infrastructure.  If approved, the deal would be worth $11.5 billion and would include a $105-million rate credit for customers paid over four years. That credit is expected to lower electric bills by 3.5%. Story continues below News: Lawmakers consi…