Power Markets
Blackstone data center deal is a target for the group that blocked New Mexico utilities merger
The group that previously blocked TXNM Energy's merger plan said this week that Blackstone Infrastructure plans for data centres in New Mexico would be a major factor in determining whether or not stakeholders will challenge the $11.5 billion proposed acquisition by the private equity group of the electric company TXNM Energy. TXNM is a holding for regulated utilities including PNM in New Mexico. On Monday, it announced its agreement to sell with Blackstone. This was the latest in a series of recent deals in the U.S. energy industry, fueled by an increase in electricity demand due to Big Tech's AI-driven...