Energy
Blackstone Is in Talks for New Mexico Utility Owner TXNM
This article is for subscribers only.
Blackstone Inc. is in talks to acquire TXNM Energy Inc., the owner of New Mexico’s largest utility, according to people familiar with the matter.
The private equity firm’s infrastructure arm, Blackstone Infrastructure Partners, has emerged as the likeliest buyer of TXNM after other suitors dropped out of the bidding, the people said, asking not to be identified discussing confidential information.