Story Highlights
Blackstone Infrastructure will acquire TXNM Energy for $11.5 billion.
Transaction expected to close in second half of 2026.
PNM will remain locally managed with retained employees.

KORE Power

Larry Brand, Jr. | VP, Operations

208-758-9391

Blackstone Group (NYSE: BX)

Rob Horn | Senior Managing Director; Global Head of Infrastructure & Asset Backed Credit and Insurance (BXCI)

[email protected]

212-583-5000

Blackstone Group (NYSE: BX)

Sean Klimczak | Global Head of Infrastructure/Data Centers

[email protected]

212-583-5000