New Mexico Political Report · Aug 17, 2026

Can New Mexico, not Blackstone, just buy PNM? It turns out, we can’t. Here’s why.

With more than $70 billion available to invest for the benefit of New Mexico, why doesn’t the State Investment Council just buy PNM instead of letting them sell to Blackstone, a private equity company? This story was originally published at New Mexico Political Report, a nonprofit news service covering politics and policy in the Land […] The post Can New Mexico, not Blackstone, just buy PNM?