"Don Tarry's Enduring Allegiance to New Mexico: Navigating a Blackstone Agreement with Unwavering Local Dedication"
Don Tarry Steers TXNM Energy and PNM Towards Growth and Sustainability
Don Tarry, a seasoned energy executive, has taken the helm at TXNM Energy Inc., the parent company of PNM, as both CEO and president. His career in the energy sector began in 1996 when he joined PNM, and he moved to Albuquerque with his high school sweetheart and now wife.
Tarry's extensive experience at TXNM includes holding various leadership roles, such as CFO and COO. His transition to the top position appears smooth, with a focus on long-term growth through regulatory and infrastructure initiatives.
In his new role, Tarry is focused on several key goals for TXNM Energy. He aims to leverage regulatory approvals and infrastructure investments to drive growth, build on the company's milestone of achieving 72% carbon-free generation capacity in 2024, advance partnerships to benefit customers and communities, and manage the ongoing transaction with Blackstone Infrastructure to further capitalize on growth opportunities.
The transaction, expected to be filed for regulatory approval next month, involves Blackstone acquiring TXNM for $11.5 billion. Blackstone, known for its focus on local management, does not intend to operate the business directly. Instead, they are actively listening to PNM's stakeholders and seeking their input.
If there are any issues at PNM in the future, contact should be made with PNM, not Blackstone. Tarry's mother taught him the importance of customer satisfaction and accountability from his experiences as a paper boy, and this lesson has stayed with him throughout his career.
While Tarry is committed to TXNM Energy, he continues to lead PNM, where he has been president and CEO for an unspecified number of years. In his free time, he enjoys spending time with his kids, golfing, and working on education and environmental initiatives.
For general questions or concerns, contact information is available on the company's website. The Albuquerque Journal's business outlook reporters and editors welcome story suggestions. Subscribers can also receive an exclusive Business Outlook Newsletter every Monday, providing in-depth coverage of local trends, industry news, and key economic updates.
[1] Source: Albuquerque Journal [4] Source: BusinessWire
- Don Tarry's focus on TXNM Energy includes leveraging finance and regulatory approvals to drive business growth.
- In the energy industry, Don Tarry aims to advance partnerships and manage transactions, such as the pending one with Blackstone Infrastructure, to benefit customers and communities.
- Leadership at TXNM Energy, under Don Tarry, has set goals for the company's future, including increasing carbon-free generation capacity and capitalizing on growth opportunities.
- Both in his career and as a paper boy, Don Tarry learned the importance of customer satisfaction and accountability in the realm of education (which can be inferred as how one learns life lessons).
