Business
TNMP Files Base Rate Review
TNMP, the wholly-owned subsidiary of TXNM Energy (NYSE: TXNM) in Texas, filed its anticipated base rate review on Friday.
About this update from Txnm Energy, Inc.
[{"type":"text","content":"ALBUQUERQUE, N.M., Nov. 17, 2025 /PRNewswire/ -- TNMP, the wholly-owned subsidiary of TXNM Energy (NYSE: TXNM) in Texas, filed its anticipated base rate review on Friday.","length":170,"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":"The filing reflects significant growth of TNMP's system over the last 7 years since the previous base rate filing.","length":118,"tagName":"p"},{"type":"text","content":"TNMP requests recovery of $2.8 billion of rate base as of June 30, 2025, a requested return on equity of 10.4% and a 47.54% equity ratio. Current rates are based on rate base of $835 million, an allowed return on equity of 9.65% and a 45% equity ratio.","length":252,"tagName":"p"},{"type":"text","content":"The request also incorporates increased operations and maintenance costs, which are not recovered through semi-annual Transmission Cost of Service (TCOS) and Distribution Cost Recovery Factor (DCRF) filings, changes in deferred federal income tax amortizations and updates to depreciation rates.","length":295,"tagName":"p"},{"type":"text","content":"The request is adjusted to exclude increases in interest expense resulting from the refinancing of debt associated with the proposed acquisition of TNMP's parent company, TXNM Energy.","length":187,"tagName":"p"},{"type":"text","content":"Schedule 1 below summarizes the key components of the rate filing.","length":66,"tagName":"p"},{"type":"text","content":"In addition, TNMP is requesting $20.5 million in rate rider recovery associated with Hurricane Beryl restoration costs. The proposed rider would be recovered over a five-year period and is separate from the base rate request.","length":225,"tagName":"p"},{"type":"text","...