TEXAS NEW MEXICO POWER CO

EX-99.1 6 a05192025txnmex991.htm EX-99.1 Document Exhibit 99.1 For Immediate Release May 19, 2025 TXNM Energy Enters Agreement to be Acquired by Blackstone Infrastructure • Provides long-term infrastructure investment to support the continued build-out of PNM and TNMP in a rapidly changing energy environment, facilitating economic development during New Mexico’s transition to clean energy and continued growth in Texas • TXNM Energy, PNM and TNMP to remain locally managed and operated with headquarters in New Mexico and Texas, retain employees and honor all union labor agreements • Customer rates will continue to be set by state regulators • Customers to receive a detailed package of benefits that will be developed after thorough and transparent engagement with stakeholders in New Mexico and Texas • Blackstone Infrastructure provides long-term, patient capital and a commitment to strong investment grade credit metrics, aligned with TXNM Energy’s long-term financing strategy • Shareholders to receive $61.25 per share in cash upon closing (ALBUQUERQUE, N.M.) - TXNM Energy (NYSE: TXNM) today announced an agreement under which Blackstone Infrastructure will acquire TXNM E…

EX-99.2