#United States #TXNM Energy #Albuquerque #FERC #Blackstone Infrastructure

FERC Approves TXNM Energy Acquisition

The Federal Energy Regulatory Commission (FERC) has recently given the green light for Blackstone Infrastructure's acquisition of TXNM Energy (NYSE: TXNM). This decision marks a significant milestone in the energy sector, as FERC concluded that the transaction is in alignment with the public interest.

According to the FERC's order, the commission found no indication that either state or federal regulations would be compromised by this acquisition. They also stated that the deal will have no adverse effects on energy rates or competition in the market. Critically, FERC rejected concerns regarding Blackstone’s ownership of data centers and its role as a private equity investor in public utilities, asserting that adequate regulatory protections are already in place in both Texas and New Mexico.

The acquisition has successfully passed federal scrutiny, having also received approval from the Federal Communications Commission (FCC). The regulatory waiting period mandated by the Hart-Scott-Rodino Antitrust Improvements Act has concluded without issue. In addition, the Public Utility Commission of Texas (PUCT) reached a settlement agreement regarding the acquisition earlier this month. TXNM Energy shareholders overwhelmingly supported the merger in a vote held in August 2025.

Beyond these approvals, the acquisition awaits validation from the Nuclear Regulatory Commission and requires state endorsement from the New Mexico Public Regulation Commission (NMPRC). Understanding the importance of regulatory compliance in such transactions, TXNM Energy remains committed to ensuring that all necessary protocols are observed.

TXNM Energy, based in Albuquerque, New Mexico, provides energy services to over 800,000 residences and businesses across Texas and New Mexico through its subsidiaries, Texas-New Mexico Power Company (TNMP) and Public Service Company of New Mexico (PNM). The company continues to operate with a steadfast focus on reliability and efficiency, offering a range of services to meet the energy demands of its customer base.

The company’s strategy indicates a proactive approach to growth, leveraging this acquisition as a catalyst for expanding its services while maintaining a commitment to public responsibility and regulatory compliance. For those interested in more detailed documents regarding the transaction, the FERC order and additional materials can be accessed through TXNM Energy's investor relations portal.

As energy markets evolve and grow in complexity, the approval of this acquisition is anticipated to stimulate competition, enhance operational capabilities, and ultimately benefit customers through improved services and potential cost efficiencies. As such, stakeholders in the energy sector are advised to follow the developments of this acquisition closely, given its implications on the market landscape.

For further information around the acquisition and its expected impact on the energy sector, stakeholders can visit TXNM Energy’s official website.

In summary, the approval of Blackstone Infrastructure's acquisition of TXNM Energy heralds a new chapter in energy provision for thousands in Texas and New Mexico, reflective of ongoing shifts in ownership and operational strategies within the energy industry.