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TXNM Energy and Blackstone propose $300M benefits, $5B grid investment in New Mexico merger update

Market News
15 Sep 2026
PRNewsWire
View Source
Bullish
TXNM Energy and Blackstone propose $300M benefits, $5B grid investment in New Mexico merger update

TXNM Energy and Blackstone Infrastructure filed a revised merger application with the New Mexico Public Regulation Commission, proposing $300 million in customer and community benefits. The update includes $220 million in direct customer rate credits, expanded workforce and economic development programs, and a nearly $5 billion investment plan for New Mexico's electric grid. The proposal also commits to maintaining local management and headquarters in New Mexico. The transaction awaits regulatory approval before moving forward.

TXNM Energy and Blackstone Infrastructure's $300 million customer and community benefits package is noted here with Pluang's Utilities sector data as of Sep 15, 2026 22:51 WIB. For readers following Utilities, out of 23 priced US stocks on Pluang, 4 rose and 19 fell today. Notable prices include NRG at USD 105.95 with a -2.32% change, SMR at USD 8.35 down -1.82%, and FLUX at USD 0.54 down -1.72%.

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