PNM reaches Settlement in Principle in 2025 Rate Request

Core Points - PNM, a subsidiary of TXNM Energy, has filed a joint notice with the New Mexico Public Regulation Commission indicating a Settlement in Principle regarding its 2025 Rate Request application [1] - An unopposed joint motion has been filed to modify the procedural schedule, specifically to vacate the testimony deadline set for November 26, 2024, and to hold a scheduling conference in the week of December 2, 2024 [2] - The parties involved in the joint notice and motion include the New Mexico Department of Justice, Albuquerque Bernalillo Water Utility Authority, Utility Division Staff, Bernalillo County, NM AREA, and Walmart, with any stipulation subject to NMPRC approval [3] Company Background - TXNM Energy is an energy holding company based in Albuquerque, New Mexico, serving over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM [4]