(ALBUQUERQUE, N.M.) - TXNM Energy Inc., through its wholly-owned subsidiaries PNM and TNMP, has successfully received regulatory approvals for their pending rate recovery filings. The New Mexico Public Regulation Commission granted approval for PNM's 2025 Rate Request application, allowing a phased increase in customer rates, with 50% effective from July 1, 2025, and the remainder from April 1, 2026. Meanwhile, the Public Utility Commission of Texas approved TNMP's Distribution Cost Recovery Factor application, sanctioning an annual rate increase of $25.0 million. This adjustment will recover $176.6 million of incremental distribution rate base at an authorized return on equity of 9.65%. These developments mark significant progress in TXNM Energy's efforts to manage energy distribution costs for over 800,000 homes and businesses across Texas and New Mexico.
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