PNM-Blackstone Merger Extension and Regulatory Review
Key Questions
Why was the PNM-Blackstone merger deadline extended?
PNM and Blackstone reversed a $400M stock deal after regulators deemed it illegal, extending the merger deadline to May 2027. The companies are awaiting further regulatory approvals.
What approvals are still needed for the PNM merger?
The merger requires approval from the New Mexico Public Regulation Commission (NMPRC) and the Nuclear Regulatory Commission (NRC). A public comment session is scheduled for July 28 at UNM.
How could the PNM-Blackstone merger affect utility customers?
The merger could impact utility rates and grid reliability in New Mexico. Regulators and the public are reviewing these potential effects during the extended process.
PNM and Blackstone reversed $400M stock deal, extended merger deadline to May 2027. Awaiting NMPRC and NRC approval. Public comment session July 28 at UNM. Merger could impact utility rates and grid reliability.
Sources (2)
Updated Jul 22, 2026