PNM Acquisition Case Information

Case no. 25-00060-UT, In the matter of the joint application of Public Service Company of New Mexico, TXNM Energy Inc., and Troy Parentco LLC for approval of an acquisition and merger of Troy Merger Sub Inc. with TXNM Energy Inc.; approval of a general diversification plan; and all other authorizations and approvals required to consummate and implement this transaction.

On August 25, 2025, Public Service Company of New Mexico (PNM) and TXNM Energy, Inc. (TXNM) filed an application with the New Mexico Public Regulation Commission requesting approval to be acquired by Troy ParentCo LLC (Troy), a subsidiary of Blackstone Infrastructure. If the Acquisition is completed, PNM will be an indirectly-owned subsidiary of Troy.

Use the following link to look up filings regarding case number 25-00060-UT
https://www.prc.nm.gov/case-lookup-e-docket/

If you wish to give feedback on this matter, there are designated periods during the Commission’s regular open meetings to provide public comment in person or online; click here to view the open meeting schedule. To sign up, send an email to public.comment@prc.nm.gov or call 505-490-7910 by 5 p.m. the day prior to the meeting. It’s not necessary to sign up if comments will be given in person. You may also submit a written comment referencing this case number to prc.records@prc.nm.gov or Commission Records Management Bureau, P.O. Box 1269, Santa Fe, NM 87504.