TXNM News & Events

"PNM and TNMP continue to grow and we remain focused on meeting our customer needs across New Mexico and Texas, with TNMP supporting a 28% increase in system peak demand and PNM delivering 80% carbon free energy in 2025," said Don Tarry, President and CEO of TXNM Energy. "Our proposed transaction with Blackstone Infrastructure will provide the necessary capital to support this growth and New Mexico's transition to clean energy. We look forward to bringing the benefits of this transaction to our customers and communities."

Catch up on the weekend's top five stories with this list compiled by The Fly: 1) President Trump said on social media, "Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been 'ripping' the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level. During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again - GREATER THAN EVER BEFORE!! 2) President Trump said on social media, "Netflix (NFLX) should fire racist, Trump Deranged Susan Rice, IMMEDIATELY, or pay the consequences. She's got no talent or skills - Purely a political hack! HER POWER IS GONE, AND WILL NEVER BE BACK. How much is she being paid, and for what??? Thank you for your attention to this matter. President DJT" 3) Honeywell (HON) is thinking of walking away from its acquisition of Johnson Matthey's Catalyst Technologies business, Aaron Kirchfeld and Liana Baker of Bloomberg reports, citing people familiar with the matter. The final decision is set to be made in the coming days, the sources added. 4) Rolls-Royce (RYCEY) is expected to announce a new buyback program worth as much as EUR 1.5B, Mark Kleinman of Sky News reports. 5) The Federal Energy Regulatory Commission authorized the application for TXNM Energy (TXNM) to be acquired by Blackstone Infrastructure (BX). The order states FERC finds the transaction consistent with the public interest.

The Federal Energy Regulatory Commission authorized the application for TXNM Energy (TXNM) to be acquired by Blackstone Infrastructure (BX). The order states FERC finds the transaction consistent with the public interest. FERC concludes there is "no evidence that either state or federal regulation will be impaired by the proposed transaction", "no evidence that the proposed transaction will have an adverse effect on rates" and the proposed transaction will not have an adverse effect on horizontal or vertical competition. FERC rejected opposition based on data center ownership by Blackstone Infrastructure and affiliates and private equity ownership of public utilities, and relied on the adequacy of existing and committed state ring-fencing protections in New Mexico and Texas.

The Public Utility Commission of Texas has approved a unanimous settlement filed in the application by Texas-New Mexico Power Company for TXNM Energy (TXNM), the parent company of TNMP, to be acquired by Blackstone Infrastructure (BX). The approval confirms that the acquisition is in the public interest. Terms of the settlement include $45M in rate credits to customers, strong governance and local oversight, dividend restrictions, financial protections and ring-fencing, local control and workforce protections, customer and regulatory protections, a commitment to fund the company's 5-year capital expenditure plans, and commitments to Texas communities.The settlement was reached in December with Staff of the Public Utility Commission of Texas, Texas Industrial Energy Consumers, Office of Public Utility Counsel, Cities served by TNMP, Walmart Inc. and Texas Energy Association for Marketers. The acquisition has received federal regulatory approval from the Federal Communications Commission, and the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired. TXNM Energy shareholders overwhelmingly approved the merger in August 2025. The merger also requires federal approval from the Federal Energy Regulatory Commission and the Nuclear Regulatory Commission, along with state approval from the New Mexico Public Regulation Commission as it relates to Public Service Company of New Mexico, the New Mexico utility subsidiary of TXNM Energy.