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PNM, TNMP Receive Rate Approvals
PNM and TNMP, the wholly-owned subsidiaries of TXNM Energy (NYSE: TXNM), each received regulatory approvals today for pending rate recovery filings.
About this update from Txnm Energy, Inc.
[{"type":"text","content":"ALBUQUERQUE, N.M., May 15, 2025 /PRNewswire/ -- PNM and TNMP, the wholly-owned subsidiaries of TXNM Energy (NYSE: TXNM), each received regulatory approvals today for pending rate recovery filings.","length":201,"tagName":"p"},{"type":"image","alt":"TXNM Energy Logo (PRNewsfoto/TXNM Energy, Inc.)","displaySize":"","headline":null,"caption":"TXNM Energy Logo (PRNewsfoto/TXNM Energy, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":190,"url":"https://media.zenfs.com/en/prnewswire.com/998ba3a9833cfcc2c401dca8bcdc33de"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/HC2COYFkfxGXpMlT75PDcA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMzNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/998ba3a9833cfcc2c401dca8bcdc33de","width":400,"height":190}},"href":"https://mma.prnewswire.com/media/2464779/TXNM_Energy_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Approval of PNM 2025 Rate Request Unopposed Stipulation","length":55,"tagName":"p"},{"type":"text","content":"PNM received approval from the New Mexico Public Regulation Commission (NMPRC) for the unopposed stipulation filed by PNM and parties in PNM's 2025 Rate Request application.","length":177,"tagName":"p"},{"type":"text","content":"Under the approved stipulation, customer rates are phased in with 50% of the increase effective July 1, 2025, and the remaining increase effective April 1, 2026.","length":161,"tagName":"p"},{"type":"text","content":"The approved $105.0 million increase to PNM's revenue requirements is based on a 9.45% return on equity and a 51% equity capitalization structure on $3.0 billion of rate base. PNM's previously authorized rates were based on a 9.26% return on equity and 50% equity capitalization structure.","length":297,"tagName":"p"},{"type":"text","content":"The Final Order will be available once issued, along with other documents related to the application, at https://www.txnmenergy.com/investors/rates-and-filings/pnm-nmprc-filings.aspx.","length":183,"tagName":"p"},{"type":"text","content":"Approval of TNMP Interim Distribution Cost Recovery ","length":51,"tagName":"p"},{"type":"text","content":"TNMP received approval from the Public Utility Commission of Texas (PUCT) for its recent Distribution Cost Recovery Factor application.","length":135,"tagName":"p"},{"type":"text...