TXNM Energy Inc., an energy holding company based in Albuquerque, New Mexico, announced that the New Mexico Public Regulation Commission (NMPRC) has approved an unopposed stipulation in PNM's 2028 Resource Application. This approval, granted during the commission's open meeting on June 26, 2025, paves the way for the addition of 450 megawatts (MW) of new solar and battery storage capacity by 2028. The initiative supports New Mexico's Energy Transition Act's zero-carbon requirements. Key components include extending a Valencia Purchase Power Agreement for 167 MW through 2039, adding 300 MW capacity via Energy Storage Agreements, and establishing a 150 MW solar and battery storage facility in the Central Consolidated School District. The stipulation involved multiple parties, including the Utility Division Staff of the NMPRC, Coalition for Clean Affordable Energy, New Energy Economy, and others. For further details, visit TXNM Energy's website.