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Settlement Reached in Acquisition of Texas-New Mexico Power by New York’s Blackstone

Settlement Reached in Acquisition of Texas-New Mexico Power by New York’s Blackstone

by R.A. Dyer | Jan 13, 2026 | Electricity

Technically, the proposed $11.5 billion acquisition is of TNMP Energy — Texas New Mexico Power’s parent company — and it still requires Public Utility Commission approval. ________________________________________________ After multiple weeks of settlement discussions,...
Multi-Billion-Dollar Merger between TNMP Parent and Global Energy Giant Called Off

Multi-Billion-Dollar Merger between TNMP Parent and Global Energy Giant Called Off

by TCCFUI | Jan 8, 2024 | Blog, ERCOT

Valued at more than $4.3 billion, the all-cash deal would have delivered PNM Resources to Avangrid, a subsidiary of global energy giant Iberdola. PNM Resources owns TNMP and Public Service Co. of New Mexico. ________________________________________________ A proposed...

Why TCCFUI

TCCFUI is comprehensively focused on utility issues for Texas cities! With its volunteer board of city representatives, we work with other state and local organizations to fill unserved city needs.

Recent Blog Posts

  • Texas Supreme Court Considers Arguments in Case Concerning Telecom Right-of-Way Laws
  • News Round-Up: March 2026
  • ERCOT Working on Batch Interconnection Process to Keep Up With Explosive Load Growth
  • PUC Launches Portal to Assist Electric, Water and Telecommunications Consumers
  • CenterPoint Electric Uses DCRF Rules to Seek Another Multi-Milion-Dollar Rate Increase