Episode
PNM and Blackstone Face Regulatory Fallout | Santa Fe News
- Published
- Jul 3, 2026
- Duration seconds
- 108
- Processing state
not_requested
Actions
POST https://stenobird.com/v1/public/podcasts/santa-fe-news-today-2-min-news-the-daily-news-now-7599076/episodes/pnm-and-blackstone-face-regulatory-fallout-santa-fe-news/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/santa-fe-news-today-2-min-news-the-daily-news-now-7599076/pnm-and-blackstone-face-regulatory-fallout-santa-fe-news.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
New Mexico regulators just hit PNM and Blackstone with a major blow, nullifying a $400 million stock deal and slapping each with a $100,000 fine for skipping proper approval. The move stems from Blackstone’s subsidiaries buying TXNM Energy shares in July 2025, seen as a stealth setup for Blackstone’s planned PNM takeover. While the merger isn’t canceled, this ruling forces both companies to unwind the deal within 45 days — a critical hurdle that could delay or derail the merger and reshape New Mexico’s energy future. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/cff9c3aabf1a1fef