The International Brotherhood of Electrical Workers Local 611 (IBEW 611) has supported Blackstone's acquisition of TXNM Energy, the parent company of Public Service Company of New Mexico (PNM). The union represents a strong partnership with PNM, which has historically honored its labor agreements and kept decision-making rooted in New Mexico. The acquisition also pledges to honor all union labor agreements. The IBEW supports the acquisition, recognizing strong benefits to workers and New Mexico while maintaining public oversight and accountability. The deal will strengthen union jobs, protect customers, invest in communities, and put New Mexico at the forefront of America's clean energy future.