Key Benefits & Community Impact

Benefits for New Mexico

Blackstone Infrastructure has worked closely with New Mexico stakeholders – including community leaders, Tribal nations, labor unions, and customer advocates – to create one of the largest proposed customer benefits packages in state history. TXNM Energy, the parent company of PNM, and Blackstone Infrastructure have filed a motion with the NMPRC seeking authorization to file a revised version of their merger application. The motion included a draft of the revised application that would deliver $300 million in customer and community benefits including:

Electric utility worker with safety gear working on equipment from a bucket truck near solar panels under a clear sky.
Electrical utility poles and power lines against a blue sky with clouds and a mountain range in the background.

$220 Million in Direct Customer Rate Credits

Utility worker wearing safety gear and gloves working on power lines from an elevated bucket against a blue sky.

$15 Million for PNM Good Neighbor Fund

  • Triples current annual funding for low-income customer assistance
  • Increases per-customer assistance amounts
Three construction workers in helmets and gloves digging and shoveling dirt at a construction site with dust in the air.

$40 Million Economic & Workforce Development Investment

  • Utility-related job training, scholarships, apprenticeships, and economic development to ensure that New Mexico’s workforce is set up to succeed. 
Worker wearing a hard hat with a danger label observing a bucket truck on a rural road during dusk.

$25 Million Clean Technology Investment

  • Supports PNM's 100% carbon-free energy goal
  • Aligns with New Mexico Energy Transition Act
  • Accelerates renewable energy deployment with grid modernization necessary for renewable integration