Latest news with #BlackstoneInfrastructure
Yahoo
20-05-2025
- Yahoo
Mother confronts son's killer, Albuquerque budget, Clearer weather, PNM parent company potential sale, Pueblo pottery and lowriders
Incompetent to Stand Trial? Arrest, Release, Repeat Which Santa Fe restaurants has Guy Fieri visited on 'Diners, Drive-Ins, and Dives'? Law enforcement provide update on Operation Route 66 in Albuquerque Gateway Center operations to expand with sobering center and housing services UNM men's golf prepare for NCAA Championships Video shows Albuquerque police officer getting arrested for DWI Jet had to abort takeoff to avoid runway collision at New York's LaGuardia Airport [1] Teen murderer faces victim's mother in Albuquerque courtroom – Jacob Lovato was 16-years-old when he was in an apartment on Carlisle Blvd., buying a gun from Gabriel Gurule, then threatened to take it without paying. When Gurule resisted, Lovato sprayed the room with bullets from an automatic handgun, killing Gurule. Monday, Gurule's mother, Jennifer Lucero, shared with the court everything she misses about her son. Lucero also had words for Lovato and his defense attorney. Lovato pled guilty to first-degree murder. He is facing up to 25 years in prison. [2] Albuquerque city councilors approve record-breaking $1.5 billion budget – Albuquerque city councilors have approved next year's $1.5 billion operation budget. Councilors debated several items, including how much of a pay increase they should give city workers. Councilors turned down an amendment that would have given a 1% increase to workers, saying they needed to prioritize other areas like dealing with fire prevention. Councilors did approve the fiscal year 2026 budget, which will go into effect July 1. [3] Clearer and colder start with warmer weather ahead – A late season freeze is likely for locations in western and northern New Mexico Tuesday morning. Freeze Warnings are in effect for these areas. High temperatures will be warmer, but still near to below average Tuesday afternoon. The wind will also be much lighter. Temperatures will continue to warm through the rest of this week. By Friday afternoon, we'll see some of the warmest weather so far this year. [4] PNM parent company announces potential sale to Blackstone Infrastructure – TXNM Energy, the parent company New Mexico's largest electricity provider, PNM, announced Monday that it has entered into an agreement which will allow Blackstone Infrastructure to purchase the company for $11.5 billion. The acquisition is subject to review and approval by the NMPRC along with regulators in Texas and at the federal level. [5] 'Rolling piece of pottery': Car designed by Albuquerque-based artist turns heads – A unique piece of 'rolling pottery' is blending Native American and lowrider culture. Artist Jesse Littlebird says the design of his 1973 Dodge Dart brings his Native American culture together with the lowrider culture he grew up with in Albuquerque. Littlebird, with the help of Max Baptiste, worked to transform the 1973 custom Dodge Dart into a drivable art car. 'Petrolglyph' officially debuted in 2024, and since then, it's been featured in multiple publications and has been on display at different events around the state. You can check out the car at the Kukani Gallery on Sunday's. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
19-05-2025
- Business
- Yahoo
PNM parent company announces $11.5B proposed sale to Blackstone Infrastructure
A proposed deal to sell PNM's parent company to a private equity firm would keep the company headquartered in New Mexico TXNM Energy, the parent company for New Mexico Public Service Company of New Mexico, announced early Monday morning it has entered an agreement to be acquired by Blackstone Infrastructure, in a deal valued at $11.5 billion. A PNM news release says the deal, if approved by the New Mexico Public Regulation Commission, along with Texas and federal regulators, would leave the company headquartered in New Mexico. 'This agreement will provide the financial resources necessary to thrive in this rapidly changing energy environment,' PNM President and CEO Don Tarry said in a statement 'Our focus has been and will continue to be on serving our customers with safe, reliable energy. This investment will help us meet the considerable growth in demand while supporting the transition to a clean energy future and unlocking New Mexico's potential for economic growth.' Under the proposed agreement, Blackstone Infrastructure will acquire TXNM Energy for $61.25 per share upon closing for a 'total enterprise value of $11.5 billion — including net debt — and TXNM Energy's stock would no longer be publicly traded. A news release says the company expects the process to be completed in the second half of 2026. Blackstone, which has $60 billion of assets under management, focuses on North American infrastructure platforms. The Wall Street Journal reports in the interim, Blackstone Infrastructure plans to invest $400 million in TXNM through the purchase of 8 million newly issued shares at $50 apiece to support TXNM's plans for growth. 'PNM has done an excellent job of transitioning its generation portfolio to clean energy and supporting the communities it serves,' Sean Klimczak, Blackstone's global head of infrastructure, said in a statement. 'We will utilize our long-term investment approach to support PNM's economic development efforts during New Mexico's sustainable generation transition. We share PNM's deep commitment to the customers and communities they serve and we look forward to meaningfully engaging with PNM's stakeholders.' TXNM's stocks reportedly rose 7% to a record high on Monday following the announcement.
