The parent firm of Public Service Company of New Mexico and the private equity firm hoping to take it over filed their proposed acquisition with state regulators on Monday, a move that could significantly shake up New Mexico’s energy landscape.

The $11.5 billion sale to Troy ParentCo LLC, a subsidiary of Blackstone Infrastructure, comes just three months after the two companies announced the proposed acquisition. And it comes nearly five years after Avangrid and TXNM, then called PNM Resources Inc., said they would merge — a proposal that ultimately failed to materialize after the state Public Regulation Commission shot down the deal.

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