Financial Performance - TXNM Energy's Q1 2025 GAAP EPS was $0.10, compared to $0.52 in Q1 2024[10] - TXNM Energy's Q1 2025 Ongoing EPS was $0.19, compared to $0.41 in Q1 2024[10] - The company reaffirmed its 2025 Ongoing EPS guidance range of $2.74 - $2.84[13] - The company is targeting a long-term EPS growth of 7% - 9%[13] TNMP Highlights - TNMP's volumetric load growth in Q1 2025 was 1.0%[19] - TNMP's demand-based load growth in Q1 2025 was 9.7%[19] - TNMP's data center load growth in Q1 2025 was 14.6%[19] - TNMP's average customer growth was 1.9%[19] - TNMP's system peak reached a new all-time high of 3,158 MW in February 2025, a 22% increase over Q1 2024[20] - TNMP plans capital investments of $615 million in 2025, increasing to $1.008 billion in 2029[24] PNM Highlights - PNM's total retail load growth in Q1 2025 was 4.1%[28] - PNM's average customer growth was 0.8%[28] - PNM plans capital investments of $443 million in 2025, increasing to $596 million in 2029[33] Capital Investments - The company's 5-year capital investment plan is $7.8 billion[42] - TNMP's average rate base is projected to grow from $2.8 billion in 2025 to $5.3 billion in 2029, a CAGR of 17.3%[44] - PNM Retail's average rate base is projected to grow from $3.0 billion in 2025 to $4.2 billion in 2029, a CAGR of 8.8%[44]

Core Viewpoint - The Public Utility Commission of Texas has approved TNMP's 2025-2027 System Resiliency Plan, which involves a significant investment to enhance the reliability and safety of its distribution system [1][2]. Investment and Financials - TNMP plans to invest $545.8 million over three years to address various resiliency events that pose risks to its distribution system [2]. - The costs associated with these investments will be included in future Distribution Cost Recovery Factor filings [4]. Resiliency Measures - The System Resiliency Plan includes eight different Resiliency Measures aimed at improving the system's ability to prevent, withstand, and recover from resiliency events. These measures are: - Distribution System Resiliency - Distribution System Protection Modernization - Vegetation Management - Wildfire Mitigation - Flood Mitigation - Enhanced Operations System Technology - Cybersecurity - Physical Security Resiliency [3]. Company Background - TXNM Energy, the parent company of TNMP, serves over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities [5].