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.
Price: 48.65, Change: +0.38, Percent Change: +0.79
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.