Editor’s note: In August 2025, New Mexico’s largest utility, privately-owned PNM, asked state regulators for permission to sell to a subsidiary of Blackstone, a private equity firm which has offered $11.5 billion for the company. Since PNM is a public utility, the sale must be approved by the Public Regulation Commission and that process has […] The post Fact Check: What do we really know about Blackstone’s plan to buy PNM? appeared first on New Mexico Political Report .