TXNM Energy receives federal approval for Blackstone acquisition
Federal regulators approved the eleven billion dollar acquisition of TXNM Energy by Blackstone Infrastructure today. Officials found no adverse impact on rates.
Insights:
The U.S. Federal Energy Regulatory Commission (FERC) has authorized the acquisition of TXNM Energy, Inc. by Blackstone Infrastructure, an affiliate of Blackstone Inc. , in a transaction valued at $11.5 billion. The authorization, issued on February 20, 2026, follows a regulatory review in the US 
US where the commission concluded that the deal would not impair state or federal regulation. FERC further determined that the acquisition would not have an adverse effect on rates for consumers.
US where the commission concluded that the deal would not impair state or federal regulation. FERC further determined that the acquisition would not have an adverse effect on rates for consumers.
