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Dive Brief:
- New Mexico utility regulators are scrutinizing a $400 million stock purchase tied to Blackstone’s bid to acquire TXNM Energy, fueling calls from the state attorney general and consumer advocates for regulators to reject the deal.
- Blackstone’s proposed $11.5 billion acquisition of TXNM, the parent company of Public Service Co. of New Mexico, has cleared multiple approvals but still needs a green light from the New Mexico…
