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TNMP files Unopposed Settlement in System Resiliency Plan
TXNMTXNM Energy, Inc.(TXNM) Prnewswire·2024-12-12 11:30

Core Points - TNMP, a subsidiary of TXNM Energy, filed an unopposed settlement for a System Resiliency Plan with the Public Utility Commission of Texas [1] - The settlement includes 565.8millionincapitalinvestmentsfrom2025to2027,covering94565.8 million in capital investments from 2025 to 2027, covering 94% of TNMP's proposed investments [2] - An additional 128.2 million is allocated for operations and maintenance expenses related to programs such as vegetation management and wildfire mitigation [2] - The settlement is pending approval from the PUCT [3] Company Background - TXNM Energy is an energy holding company based in Albuquerque, New Mexico, serving over 800,000 homes and businesses in Texas and New Mexico through its regulated utilities, TNMP and PNM [3]