8 hours Ago By [email protected] (MENAFN)
ALBUQUERQUE, N.M., March 13, 2025 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM energy (NYSE: TXNM ), and intervening parties in its 2028 Resource Application filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission (NMPRC).
The stipulation supports approval of PNM's proposed resource portfolio adding 450 megawatts (MW) of new solar and battery storage capacity in 2028 to serve customers and continue progress towards the zero-carbon requirements of New Mexico's Energy Transition Act, including: The proposed portfolio reflects $252 million of capital investment from PNM in 2026 through 2028. Parties to the stipulation include Utility Division Staff of the New Mexico Public Regulation Commission, Coalition for Clean Affordable Energy, New Energy Economy, New Mexico Affordable Reliable Energy Alliance, Western Resource Advocates and Prosperity Works. Central Consolidated School District supports the stipulation.
Other parties may file their positions within 5 business days. The stipulation is subject to NMPRC approval. Hearings on the filing are scheduled to begin on April 2, 2025.
Today's filing and the application are available at . Background: TXNM Energy (NYSE: TXNM ), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company's website at .
Contacts: Analysts Media Lisa Goodman Corporate Communications (505) 241-2160 (505) 241-2743 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 Statements made in this news release for TXNM Energy, Inc. ("TXNM"), Public Service Company of New Mexico ("PNM"), or Texas-New Mexico Power Company ("TNMP") (collectively, the "Company") that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies, including the unaudited financial results and earnings guidance, are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates and apply only as of the date of this report.
TXNM, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, TXNM, PNM, and TNMP caution readers not to place undue reliance on these statements. TXNM's, PNM's, and TNMP's business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements.
For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company's Form 10-K, Form 10-Q filings and the information included in the Company's Forms 8-K with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein. SOURCE TXNM Energy, Inc. MENAFN13032025003732001241ID1109310541 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind.
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