PNM Sale Public Comment Hearing Resumes Virtually

NM PRC News

Published February 10th, 2026

Detected March 19th, 2026

Summary

The New Mexico Public Regulation Commission (NMPRC) will resume a virtual public comment hearing on February 12, 2026, regarding the proposed sale of PNM to Blackstone Infrastructure. The commission is seeking public input before making a final decision and has scheduled additional hearings.

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What changed

The New Mexico Public Regulation Commission (NMPRC) is resuming a virtual public comment hearing on February 12, 2026, to gather feedback on the proposed acquisition of PNM and TXNM Energy Inc. by Troy ParentCo LLC, a subsidiary of Blackstone Infrastructure. This follows strong community interest during a previous hearing. Priority will be given to those who previously signed up, and additional in-person and virtual hearings are planned before a final decision is made.

New Mexicans can participate virtually via Zoom or watch a YouTube livestream. Those wishing to speak must register by emailing public.comment@prc.nm.gov or calling 505-490-7910 by 5 p.m. on February 11. Comments are limited to 3 minutes. Written comments can be submitted through the PRCe360 portal. An in-person hearing is also scheduled for February 17 in Albuquerque.

What to do next

Register to provide comments by emailing public.comment@prc.nm.gov or calling 505-490-7910 before 5 p.m. on February 11, 2026.
Submit written comments via the PRCe360 portal.
Attend the virtual hearing on February 12, 2026, or the upcoming in-person hearing in Albuquerque on February 17, 2026.

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NMPRC to resume public comment hearing on potential PNM sale

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This session will be virtual, with priority given to those who previously signed up; additional in person public comment hearings to be held

In response to strong community interest during the New Mexico Public Regulation Commission’s (NMPRC) February 5 public comment hearing, the Commission will resume to gather feedback on the proposed sale of PNM to Blackstone Infrastructure. New Mexicans can participate virtually via Zoom or watch the YouTube livestream, with speaking priority given to those who signed up during the initial session last week.

To ensure a broader segment of the public is heard, the Commission will also schedule more in-person and virtual comment hearings – including an upcoming in-person session in Albuquerque on February 17 from 1:00 to 7:00 p.m. (venue to be determined) – before making a final decision in this case.

WHEN: Thursday, February 12, 2026, from 3-7 p.m.

WHAT: In August 2025, PNM and TXNM Energy Inc. formally requested approval from the NMPRC to be acquired by Troy ParentCo LLC, a subsidiary of Blackstone Infrastructure. If this proposal is approved, Troy will become the new owner of PNM. The Commission invites residents to share their perspective on the sale before a final decision is made.

WHERE: This hearing will be held virtually via Zoom and streamed live on the NMPRC’s YouTube channel.

HOW TO REGISTER: To provide comments online or by phone, request the Zoom login information by emailing public.comment@prc.nm.gov or calling 505-490-7910 before 5 p.m. on February 11. Comments will be limited to 3 minutes, unless shortened or extended by the Commission. Speakers must be present when called or they will forfeit their time for this session. Written comments can be filed using PRCe360.