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Blackstone’s proposed PNM acquisition raises transparency, conflict of interest concerns in New Mexico

Ai • February 22, 2026

Blackstone’s proposed PNM acquisition raises transparency, conflict of interest concerns in New Mexico is drawing significant interest across the industry.

An Albuquerque business executive critiques Blackstone’s proposed acquisition of PNM parent TXNM Energy, warning of reduced transparency, potential conflicts of interest, limited bill reductions and risks for New Mexico ratepayers and the state’s energy future.

Experts suggest this could influence future trends and innovation in the sector.

More updates are expected as the story develops.


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