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Blackstone TXNM Merger Under Fire | Santa Fe News
Description
A $11.5 billion merger between Blackstone Infrastructure and TXNM Energy—owner of New Mexico’s largest power provider, PNM—is under fire as regulators weigh public input. Critics warn of rate hikes and profit-driven decisions, while supporters tout job creation, apprenticeship funding, and critical grid upgrades. Commissioners face a tough call: balancing affordable energy with investor returns as the state’s infrastructure demands grow.
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