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Blackstone to Acquire TXNM Energy for $11.5B

The surge in transactions for power and grid support for data infrastructure continued Monday with the announcement that Blackstone Infrastructure, one of the nation’s largest owner/operators of data centers, has agreed to acquire TXNM Energy for $11.5 billion, including debt.

Based in Albuquerque, New Mexico, TXNM provides state-regulated power to more than 800,000 homes and businesses across grids in New Mexico and West Texas.

Allen Pusey

Allen Pusey is a senior editor and writer at The Texas Lawbook.

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