Core Points - TNMP, a subsidiary of TXNM Energy, filed an unopposed joint motion to abate the procedural schedule for its System Resiliency Plan, including the hearing scheduled for November 19-20, 2024, which was approved by the administrative law judge [1][2] - The parties involved have reached a settlement in principle and require time to formalize and file a settlement agreement, requesting cancellation of the hearing and an update on the settlement by December 5, 2024 [2] - TNMP's System Resiliency Plan includes 151 million in related costs over three years, developed through a comprehensive, data-driven approach to address various resiliency risks [3] Company Background - TXNM Energy is an energy holding company based in Albuquerque, New Mexico, providing energy to over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM [4]
TNMP reaches Settlement in Principle in System Resiliency Plan