Posted inEnergy, New Mexico Statewide News, NM.news

Fact Check: What do we really know about Blackstone’s plan to buy PNM?

Editor’s note: In August 2025, New Mexico’s largest utility, privately-owned PNM, asked state regulators for permission to sell to a subsidiary of Blackstone, a private equity firm which has offered $11.5 billion for the company. Since PNM is a public utility, the sale must be approved by the Public Regulation Commission and that process has […]

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