Core Points - TNMP, a subsidiary of TXNM Energy, filed for a base rate review reflecting significant growth since the last filing seven years ago [1][2] - The filing requests recovery of $2.8 billion in rate base, a return on equity of 10.4%, and an equity ratio of 47.54% [2][3] - Current rates are based on a rate base of $835 million, with an allowed return on equity of 9.65% and a 45% equity ratio [2][3] Rate Filing Components - The request includes increased operations and maintenance costs, changes in deferred federal income tax amortizations, and updates to depreciation rates [3][4] - TNMP is also requesting $20.5 million for Hurricane Beryl restoration costs, to be recovered over five years [4] - If approved, new rates are expected to take effect in mid-2026 [4] Financial Summary - Key components of the rate filing include a total revenue requirement increase of $141.8 million, with a net rate increase of $33.8 million [5] - Major operational drivers include vegetation management, headcount increases, catastrophe reserve increases, and insurance premiums [9] - The core rate base growth includes returns on investments and distribution investments from January to June 2025 [7]
TNMP Files Base Rate Review