Over 100 speak against Blackstone’s PNM acquisition during public comment
For nearly six hours in the University of New Mexico Student Union Building, over 100 people took turns speaking to the New Mexico Public Regulatory Commission during a public comment session, with none being in favor of private equity firm Blackstone’s acquisition of the state’s electricity provider, Public Service Company of New Mexico. Several speakers at public comment on Tuesday, Feb. 17, spoke about Blackstone’s major investments in AI data centers, Blackstone CEO Stephen Schwarzman’s ties to pedophile sex offender Jeffery Epstein and criticized the operation of private equity firms as a whole. Blackstone Infrastructure and TXNM Energy Inc, which owns PNM, announced the $11.5 billion deal last May, and would result in Blackstone taking ownership of TXNM, according to Source NM.












