Txnm Energy, Inc. · NYSE:TXNM
Txnm Energy — Corporate Update (June 2024)
5 slides from Txnm Energy's corporate update, Jun 14, 2024
Slide 1: PNM 2025 Rate Request
PNM 2025 Rate Request June 14, 2024 The information contained herein is intended to describe PNM’s 2025 Rate Request filed with the New Mexico Public Regulation Commission. Please also refer to the Company’s press release issued June 14, 2024, and the Safe Harbor Statement and Non-GAAP Financial Mea
Slide 2: Contact Information and Safe Harbor Statement
Contact Information and Safe Harbor Statement Investor Relations Contact Information Lisa Goodman Executive Director, Investor Relations and Shareholder Services 1-505-241-2160 Lisa.Goodman@pnmresources.com Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 Statements m
Slide 3: Key Components of PNM 2025 Rate Request
Key Components of PNM 2025 Rate Request • Laying the Foundation for Delivering Reliable, Resilient, and Carbon-Free Energy to Customers • Replacing aging equipment and facilities, improving and expanding the system to accommodate increasing renewable generation resources and respond to changing cust
Slide 4: Key Drivers of PNM 2025 Rate Request
Key Drivers of PNM 2025 Rate Request Requested Increase ($M) Base Fuel Total Rates Clause Revenues Reflects $430M new rate base vs 2024, Rate base investments $73.9 $73.9 including depreciation, property taxes, and (vs 2024 future test year filing) equity return at current authorized return Equity f
Slide 5: Rate Request Considerations
Rate Request Considerations Impact of ROE and Capital Structure Changes(1): Current Authorized Requested Earnings Impact 50% equity layer 52.5% equity layer +/- 1% = $0.03 EPS 9.26% ROE 10.45% ROE +/- 0.1% = $0.02 EPS Impact of Phased-In Rate Path on 2025 EPS(2): Base Rate Request July – Dec 2025 Im