Blackstone bets on soaring power demand with $11.5 billion TXNM Energy deal

While regulators decide whether to permit investment companies to buy regulated utilities, they should ask themselves why are companies like Blackstone interested in utilities? Could it be in part to the absence of competition? Competition not only lowers prices, it speeds development, increases innovation, and improves quality. We've experimented with the zero or limited competition model for a century and have hit a point where it can't keep pace with the economy. "Consumer Regulated Electricity" or CRE is state level policy that would allow the creation of new, independent, competitive, utility-scale utilities. These "CRE Utilities" will be able to move fast and innovate in ways that no one can anticipate today. How do we know? Because that's the nature of a hotly competitive industry.

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https://www.reuters.com/business/energy/blackstone-acquire-txnm-energy-115-billion-deal-2025-05-19/