More Perfect Union
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Why Blackstone Wants To Control Your Electricity
Posted
February 17, 2026
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February 17, 2026
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16:29Now PlayingPrivate equity giant Blackstone is trying to buy New Mexico’s largest utility provider.
The Public Service Company of New Mexico serves over 500,000 people.
Blackstone would make billions and execs would make millions, while the 40% of PNM customers in poverty get screwed.
Producer: Dan Lieberman
Editor: Kenneth Kerr
Motion Designer: Brian Cariaga
Videographers: Michael Lopez, Chris Sessions
Video Production Manager: Isabel Atalaya
Video Production Coordinator: Jodi Clemens
Research & Writing Fellow Julian Andreone
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More Perfect Union is an Emmy-winning, nonprofit newsroom whose mission is to build power for working people. Here’s what that means: We report on the real struggles and challenges of the working class from a working-class perspective. We attempt to connect those problems to potential solutions. We report on the abuses and wrongdoing of corporate power. And we seek to hold accountable the ultra-rich who have too much power over America’s political and economic systems.
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