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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

  • News Round-Up: July 2026
  • NTSB Releases Preliminary Report on Fatal Gas Explosion, Finds Unmarked Line
  • Texas Broadband Office Under Fire for Supposed “Favoritism” Relating to Elon Musk’s Starlink
  • ERCOT to Skip Two Key Reports this Year as Batch Zero Rush Continues
  • Key Lawmaker Calls for PUC Rule Changes to Help Residential Electricity Customers