TNMP files comprehensive base rate settlement with PUCT

TNMP has filed a comprehensive settlement in its base rate review before the Public Utility Commission of Texas (PUCT).

• Settlement details: The filing seeks recovery of a $2.8 billion filed rate base (as of June 30, 2025), maintains the currently authorized 9.65% return on equity (ROE) and 45% equity ratio, and would implement $20.5 million in rate rider recovery for Hurricane Beryl restoration costs over five years. The settlement is subject to PUCT approval and under interim rates any final-approved rates will relate back to May 22, 2026.
• Parties and background: The stipulation is joined by the Staff of the Public Utility Commission of Texas, municipal and industry groups (Alliance of Texas-New Mexico Power Municipalities; Cities Served by Texas-New Mexico Power Company), industry and large customer stakeholders including the Data Center Coalition, Joint Data Center Group, Hunt Energy Network, Office of Public Utility Counsel, Texas Competitive Power Advocates, Texas Industrial Energy Consumers, and Walmart. Amazon Data Systems and Texas Energy Association for Marketers do not oppose the stipulation. The filing and related documentation are posted on TXNM Energy’s investor rates-and-filings page.