TXNM Energy (TXNM) Thursday said its TNMP unit filed an unopposed settlement on Wednesday in its application with the Public Utility Commission of Texas. for approval of a system resiliency plan.
The settlement includes $565.8 million of capital investments from next year to 2027, which accounts for 94% of the unit's proposed investments, the company said.
The settlement also includes $128.2 million in operations and maintenance expenses for various programs, such as vegetation management and wildfire mitigation, the company said.
These program costs may be deferred to the balance sheet and included in future distribution cost recovery factor filings with the commission, the company said.
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