Blackstone-TXNM deal faces fresh questions from New Mexico DOJ

🇺🇸 Utility Dive (US) —
Blackstone-TXNM deal faces fresh questions from New Mexico DOJ

AI Summary

The New Mexico Department of Justice is investigating the Blackstone-TXNM deal following a ruling that a previous Blackstone stock sale was illegal, focusing on indirect costs to PNM ratepayers.

TXNM unwound a Blackstone stock sale ruled illegal, but the state Department of Justice is seeking more information related to potential indirect costs to PNM ratepayers.

Politics Markets Deals Blackstone TXNM New Mexico DOJ stock sale PNM ratepayers

Read original source →