Blackstone's Acquisition of TXNM Energy Approved
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy TXNM?
Source: Newsfilter
- Acquisition Approval: The U.S. Federal Energy Regulatory Commission (FERC) has authorized Blackstone Infrastructure's acquisition of TXNM Energy, valued at $11.5 billion including debt, indicating strong regulatory support for the transaction.
- Regulatory Assessment Outcome: FERC concluded that the transaction will not impair state or federal regulation and will not adversely affect rates, providing a robust regulatory endorsement for Blackstone's acquisition.
- Antitrust Waiting Period Expired: The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, marking the transaction's progression to its final stages and expected to expedite the integration process.
- Market Impact Analysis: This acquisition is set to enhance Blackstone's market position in the energy sector, with expectations to drive TXNM Energy's long-term growth through optimized resource allocation and improved operational efficiency.
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Analyst Views on TXNM
Wall Street analysts forecast TXNM stock price to rise
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 58.840
Low
61.25
Averages
61.25
High
61.25
Current: 58.840
Low
61.25
Averages
61.25
High
61.25
About TXNM
TXNM Energy, Inc. is an energy holding company. The Company delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, Texas-New Mexico Power Company (TNMP) and Public Service Company of New Mexico (PNM). Its segments include PNM, TNMP, and Corporate and other. The PNM segment provides integrated electricity services that include the generation, transmission, and distribution of electricity for retail electric customers in New Mexico. The segment also includes the generation and sale of electricity into the wholesale market. The TNMP segment provides transmission and distribution services at regulated rates to various REPs that, in turn, provide retail electric service to consumers within TNMP’s service area. The segment also provides transmission services at regulated rates to other utilities that interconnect with TNMP’s facilities. The Corporate and Other segment includes TXNM holding company activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TXNM Energy Acquisition Approved by FERC
- Regulatory Approval: The Federal Energy Regulatory Commission (FERC) has authorized TXNM Energy's acquisition by Blackstone Infrastructure, determining that the transaction aligns with public interest and will not adversely affect rates or competition, thus paving the way for a smooth transaction process.
- Shareholder Support: TXNM Energy's shareholders overwhelmingly approved the merger in August 2025, reflecting strong market confidence in the deal and providing robust backing for subsequent regulatory approvals.
- Multiple Regulatory Clearances: In addition to FERC's approval, TXNM Energy has also received clearance from the Federal Communications Commission (FCC), and the Public Utility Commission of Texas (PUCT) approved the merger settlement earlier this month, further ensuring compliance with regulatory standards.
- Future Outlook: The acquisition still requires approval from the Nuclear Regulatory Commission and the New Mexico Public Regulation Commission; if successful, it will significantly enhance TXNM Energy's market position in Texas and New Mexico, expected to provide stable energy services to over 800,000 homes and businesses.
See More
Blackstone's Acquisition of TXNM Energy Approved
- Acquisition Approval: The U.S. Federal Energy Regulatory Commission (FERC) has authorized Blackstone Infrastructure's acquisition of TXNM Energy, valued at $11.5 billion including debt, indicating strong regulatory support for the transaction.
- Regulatory Assessment Outcome: FERC concluded that the transaction will not impair state or federal regulation and will not adversely affect rates, providing a robust regulatory endorsement for Blackstone's acquisition.
- Antitrust Waiting Period Expired: The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, marking the transaction's progression to its final stages and expected to expedite the integration process.
- Market Impact Analysis: This acquisition is set to enhance Blackstone's market position in the energy sector, with expectations to drive TXNM Energy's long-term growth through optimized resource allocation and improved operational efficiency.
See More
TXNM Energy Merger with Blackstone Approved by FERC
- Merger Approval: TXNM Energy's acquisition by Blackstone has been authorized by the Federal Energy Regulatory Commission (FERC), which deemed the transaction consistent with public interest, significantly advancing the merger's completion process and indicating regulatory support for the deal.
- Opposition Rejected: FERC dismissed concerns regarding Blackstone's extensive ownership of data centers and the implications of private equity control over public utilities, finding no evidence that the deal would harm competition or consumer rates, thereby boosting market confidence in the transaction.
- Regulatory Progress: The FERC approval secures several critical clearances for TXNM Energy's merger, including FCC approval and a settlement approval from Texas, further reducing uncertainty around the deal and propelling the merger process forward.
- Final Hurdles: Despite the federal win, TXNM Energy's merger still requires approval from the Nuclear Regulatory Commission and a final decision from the New Mexico Public Regulation Commission, with the latter being a crucial checkpoint given its historically stringent stance on utility mergers.
See More
TXNM Energy Acquisition Approved by FERC
- Regulatory Approval: The Federal Energy Regulatory Commission (FERC) has authorized TXNM Energy's acquisition by Blackstone Infrastructure, determining that the transaction aligns with public interest and will not adversely affect rates or competition, thereby facilitating the transaction's progress.
- Shareholder Backing: TXNM Energy shareholders overwhelmingly approved the merger in August 2025, reflecting strong market confidence in the deal, which is expected to enhance the company's market position in Texas and New Mexico.
- Multiple Regulatory Clearances: The acquisition has received approvals from the Federal Communications Commission (FCC) and the Public Utility Commission of Texas (PUCT), with the Hart-Scott-Rodino Antitrust Improvements Act waiting period expired, further ensuring compliance for the transaction.
- Future Outlook: While the deal still requires approval from the Nuclear Regulatory Commission and the New Mexico Public Regulation Commission, TXNM Energy serves over 800,000 homes and businesses, and the acquisition is anticipated to bolster its competitive edge and drive future growth.
See More
TXNM Energy Acquisition Approved by Texas Commission
- Acquisition Approval: TXNM Energy's acquisition has been approved by the Texas Public Utility Commission, confirming that the deal is in the public interest and committing $45 million in rate credits to customers, enhancing the company's competitive position in the market.
- Capital Expenditure Plans: The transaction includes commitments to fund the company's five-year capital expenditure plans, which are expected to drive future business growth and infrastructure improvements, further solidifying TXNM's market position.
- Shareholder Support: TXNM Energy shareholders overwhelmingly supported the merger in August 2025, demonstrating market confidence in the deal and laying the groundwork for subsequent federal and state approvals.
- Technical Analysis: Currently, TXNM's stock is trading 0.2% below its 20-day simple moving average but 1.8% above its 100-day moving average, indicating strong long-term market performance, although facing some selling pressure in the short term.
See More
Texas Public Utility Commission Approves TNMP Acquisition by Blackstone
- Acquisition Approval: The Texas Public Utility Commission unanimously approved the acquisition of Texas-New Mexico Power Company (TNMP) by Blackstone Infrastructure, confirming that the deal serves the public interest and is expected to provide $45 million in rate credits to customers, enhancing client trust and satisfaction.
- Governance and Oversight: The settlement includes strong governance structures and local oversight measures to ensure operational transparency and compliance post-acquisition, while also imposing dividend restrictions and financial protections to safeguard investor interests and mitigate risks.
- Capital Expenditure Commitment: Blackstone has committed to support TNMP's five-year capital expenditure plans, which are anticipated to drive infrastructure investments in Texas and New Mexico, fostering local economic development and improving service quality.
- Regulatory Approval Progress: The acquisition has received approval from the Federal Communications Commission, and the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, with further approvals needed from the Federal Energy Regulatory Commission and the Nuclear Regulatory Commission to ensure the transaction's completion.
See More
TXNM Energy Acquisition Approved by FERC
- Regulatory Approval: The Federal Energy Regulatory Commission (FERC) has authorized TXNM Energy's acquisition by Blackstone Infrastructure, determining that the transaction aligns with public interest and will not adversely affect rates or competition, thus paving the way for a smooth transaction process.
- Shareholder Support: TXNM Energy's shareholders overwhelmingly approved the merger in August 2025, reflecting strong market confidence in the deal and providing robust backing for subsequent regulatory approvals.
- Multiple Regulatory Clearances: In addition to FERC's approval, TXNM Energy has also received clearance from the Federal Communications Commission (FCC), and the Public Utility Commission of Texas (PUCT) approved the merger settlement earlier this month, further ensuring compliance with regulatory standards.
- Future Outlook: The acquisition still requires approval from the Nuclear Regulatory Commission and the New Mexico Public Regulation Commission; if successful, it will significantly enhance TXNM Energy's market position in Texas and New Mexico, expected to provide stable energy services to over 800,000 homes and businesses.
See More
Blackstone's Acquisition of TXNM Energy Approved
- Acquisition Approval: The U.S. Federal Energy Regulatory Commission (FERC) has authorized Blackstone Infrastructure's acquisition of TXNM Energy, valued at $11.5 billion including debt, indicating strong regulatory support for the transaction.
- Regulatory Assessment Outcome: FERC concluded that the transaction will not impair state or federal regulation and will not adversely affect rates, providing a robust regulatory endorsement for Blackstone's acquisition.
- Antitrust Waiting Period Expired: The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, marking the transaction's progression to its final stages and expected to expedite the integration process.
- Market Impact Analysis: This acquisition is set to enhance Blackstone's market position in the energy sector, with expectations to drive TXNM Energy's long-term growth through optimized resource allocation and improved operational efficiency.
See More
TXNM Energy Merger with Blackstone Approved by FERC
- Merger Approval: TXNM Energy's acquisition by Blackstone has been authorized by the Federal Energy Regulatory Commission (FERC), which deemed the transaction consistent with public interest, significantly advancing the merger's completion process and indicating regulatory support for the deal.
- Opposition Rejected: FERC dismissed concerns regarding Blackstone's extensive ownership of data centers and the implications of private equity control over public utilities, finding no evidence that the deal would harm competition or consumer rates, thereby boosting market confidence in the transaction.
- Regulatory Progress: The FERC approval secures several critical clearances for TXNM Energy's merger, including FCC approval and a settlement approval from Texas, further reducing uncertainty around the deal and propelling the merger process forward.
- Final Hurdles: Despite the federal win, TXNM Energy's merger still requires approval from the Nuclear Regulatory Commission and a final decision from the New Mexico Public Regulation Commission, with the latter being a crucial checkpoint given its historically stringent stance on utility mergers.
See More
TXNM Energy Acquisition Approved by FERC
- Regulatory Approval: The Federal Energy Regulatory Commission (FERC) has authorized TXNM Energy's acquisition by Blackstone Infrastructure, determining that the transaction aligns with public interest and will not adversely affect rates or competition, thereby facilitating the transaction's progress.
- Shareholder Backing: TXNM Energy shareholders overwhelmingly approved the merger in August 2025, reflecting strong market confidence in the deal, which is expected to enhance the company's market position in Texas and New Mexico.
- Multiple Regulatory Clearances: The acquisition has received approvals from the Federal Communications Commission (FCC) and the Public Utility Commission of Texas (PUCT), with the Hart-Scott-Rodino Antitrust Improvements Act waiting period expired, further ensuring compliance for the transaction.
- Future Outlook: While the deal still requires approval from the Nuclear Regulatory Commission and the New Mexico Public Regulation Commission, TXNM Energy serves over 800,000 homes and businesses, and the acquisition is anticipated to bolster its competitive edge and drive future growth.
See More
TXNM Energy Acquisition Approved by Texas Commission
- Acquisition Approval: TXNM Energy's acquisition has been approved by the Texas Public Utility Commission, confirming that the deal is in the public interest and committing $45 million in rate credits to customers, enhancing the company's competitive position in the market.
- Capital Expenditure Plans: The transaction includes commitments to fund the company's five-year capital expenditure plans, which are expected to drive future business growth and infrastructure improvements, further solidifying TXNM's market position.
- Shareholder Support: TXNM Energy shareholders overwhelmingly supported the merger in August 2025, demonstrating market confidence in the deal and laying the groundwork for subsequent federal and state approvals.
- Technical Analysis: Currently, TXNM's stock is trading 0.2% below its 20-day simple moving average but 1.8% above its 100-day moving average, indicating strong long-term market performance, although facing some selling pressure in the short term.
See More
Texas Public Utility Commission Approves TNMP Acquisition by Blackstone
- Acquisition Approval: The Texas Public Utility Commission unanimously approved the acquisition of Texas-New Mexico Power Company (TNMP) by Blackstone Infrastructure, confirming that the deal serves the public interest and is expected to provide $45 million in rate credits to customers, enhancing client trust and satisfaction.
- Governance and Oversight: The settlement includes strong governance structures and local oversight measures to ensure operational transparency and compliance post-acquisition, while also imposing dividend restrictions and financial protections to safeguard investor interests and mitigate risks.
- Capital Expenditure Commitment: Blackstone has committed to support TNMP's five-year capital expenditure plans, which are anticipated to drive infrastructure investments in Texas and New Mexico, fostering local economic development and improving service quality.
- Regulatory Approval Progress: The acquisition has received approval from the Federal Communications Commission, and the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, with further approvals needed from the Federal Energy Regulatory Commission and the Nuclear Regulatory Commission to ensure the transaction's completion.
See More
