New Mexico Public Regulation Commission to hear public comment on proposed PNM-Blackstone merger

NEW MEXICO (KRQE) — State regulators are slated to hear from the public on PNM's merger with a private equity firm. New York-based Blackstone Infrastructure is looking to acquire PNM's parent company, TXNM Energy, for $11.5 billion. However, the deal needs approval from the Public Regulation Commission. Tuesday's PRC meeting is set for 1 p.m. at [...]