TXNM Energy Merger Deadline Extended to 2027

By Tamara Parker • Monday, July 20 10:52 • Permanent Link

TXNM Energy and Blackstone Infrastructure have pushed back the deadline for their merger agreement to May 31, 2027, giving the companies more time to secure remaining regulatory approvals.

The deal has already cleared the Public Utility Commission of Texas, the Federal Energy Regulatory Commission, the Federal Communications Commission and the Hart-Scott-Rodino antitrust waiting period. TXNM shareholders approved the transaction in August 2025.

Approval is still pending from the Nuclear Regulatory Commission and the New Mexico Public Regulation Commission. In New Mexico, the procedural schedule has been paused while regulators review a compliance report tied to a 2025 stock transaction between TXNM Energy and Blackstone Infrastructure.

To unwind that voided 2025 stock transaction, TXNM Energy entered into a $400 million term loan. The company plans to issue common stock to repay that borrowing.

The companies now expect the transaction to close in the first half of 2027, assuming the New Mexico process resumes on schedule and the remaining approvals are secured. As a result of these announcements, the company's shares have moved 0.68% on the market, and are now trading at a price of $57.80. For more information, read the company's full 8-K submission here.

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