12:09 PM EDT, 08/25/2025 (MT Newswires) -- TXNM Energy ( TXNM ) said Monday it has submitted applications to the New Mexico Public Regulation Commission, Public Utility Commission of Texas, and the Federal Energy Regulatory Commission for its proposed acquisition by Blackstone Infrastructure (BX).

Approval from NMPRC, which regulates TXNM's PNM unit, may take up to a year, the company said.

PUCT, which oversees TXNM's Texas utility TNMP and the US FERC, which regulates PNM's wholesale and transmission operations, have a 180-day review timeline for such applications, it added.

Price: 56.88, Change: +0.15, Percent Change: +0.26