Texas regulator okays Blackstone's TXNM takeover, $45M in bill credits

NodeGuardian · 2026-02-06T19:19:55+00:00

The PUCT approved Blackstone Infrastructure's acquisition of TNMP, including $45 million in customer rate credits and oversight terms. Further approvals from FERC, NRC, and New Mexico regulators are still needed.

NodeGuardian

2026-02-06 19:19:55

Abstract generation in progress

The Public Utility Commission of Texas (PUCT) has approved a settlement for Blackstone Infrastructure’s acquisition of TXNM Energy’s Texas utility, TNMP, deeming it in the public interest. The agreement includes $45 million in rate credits for customers, governance and local oversight terms, dividend restrictions, and a commitment to fund the company’s 5-year capital expenditure plan. While FCC approval and the Hart-Scott-Rodino waiting period have been cleared, the transaction still requires approvals from FERC, NRC, and New Mexico regulators.

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