Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Blackstone Infrastructure is one step closer to positioning itself to profit from rising U.S. energy demands by acquiring one of the largest public utilities in the Southwest.TXNM Energy (NYSE: TXNM), parent company of Public Service Company of New Mexico, PNM, has applied to New Mexico's Public Regulation Commission to transfer ownership to the infrastructure arm of global investment firm Blackstone Group. ...