PNM, private equity firm extend merger deadline to mid-2027 after regulators deem stock sale illegal

By: Joshua Bowling

Outlets: Source New Mexico

Published: July 20, 2026

Words: 330

Last Updated: 4 weeks, 2 days ago

Body Text Preview

The parent company of New Mexico’s largest electricity provider and the private equity firm looking to acquire it are extending the deadline for their pending merger to mid-2027.

SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX.

The announcement came weeks after state regulators found that TXNM Energy Inc., which owns PNM, and private equity firm Blackstone Infrastructure violated state law by conducting a $400 million stock sale in 2025 without first gaining …

Create a free account to access this story and more

Join Plucky Wire to access full stories, collaborate with newsrooms, and discover content from networks around the world.

About

FAQ

Email Us