New Mexico DOJ argues Blackstone stock buy nullifies their bid to buy PNM
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👏👏👏👏👏New Mexico Department of Justice attorneys are arguing the issuance and sale last year of $400 million in TXNM Energy stock to private equity firm Blackstone should be considered null and void — like it never happened — according to a brief submitted recently to state utility regulators.
Would you like to speak out? Next PRC meeting: Thursday April 23, 10AM, Wendell Chino Building, Santa Fe- in-person and virtual comments will be heard.
👉The Public Regulation Commission will consider the issue at a hearing Thursday, April 30th
