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Approval of TNMP application for incremental rate base recovery

1. TXNM's TNMP received approval for rate increase from PUCT. 2. Annual rate increase of $11.5 million to recover $83.5 million. 3. Rate changes are effective immediately following approval. 4. TXNM provides energy to over 800,000 homes in Texas and New Mexico. 5. Approval could enhance TXNM’s financial stability and revenue.

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Why Bullish?

The approved rate increase signifies improved revenue potential, reminiscent of past rate approvals that led to price increases for TXNM. Historical trends show that similar regulatory approvals often result in positive market responses.

How important is it?

The announcement directly relates to TXNM's core business and revenue structure, making it substantially impactful. With regulatory approval central to utility operations, this news is very pertinent to investors.

Why Short Term?

Immediate revenue boost from the approved rates impacts short-term earnings. The market typically reacts quickly to such regulatory news, leading to potential price appreciation.

Related Companies

PNM
, /PRNewswire/ -- TNMP, the wholly-owned Texas subsidiary of TXNM Energy, Inc. (NYSE: TXNM) received approval from the Public Utility Commission of Texas (PUCT) for its recent Transmission Cost of Service (TCOS) application. On March 25, 2025, the Public Utility Commission of Texas (PUCT) approved TNMP's Application for Interim Update of Wholesale Transmission Rates through a TCOS filing. The approved annual rate increase of $11.5 million recovers $83.5 million of incremental transmission rate base. The associated rates became effective upon approval. The filing can be found at https://www.txnmenergy.com/investors/rates-and-filings/tnmp-puct-filings.aspx. 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 www.TXNMEnergy.com. CONTACTS: Analysts Media Lisa Goodman Corporate Communications (505) 241-2160 (505) 241-2783 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995Statements 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. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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