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.

洞察:
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 USUS 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.
A logo of Blackstone is pictured in Manhattan, New York City, U.S., on July 29, 2025. REUTERS/Mike Segar/File Photo
A logo of Blackstone is pictured in Manhattan, New York City, U.S., on July 29, 2025. REUTERS/Mike Segar/File Photo
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