PNM files application for new resources in 2028

Company Overview - TXNM Energy is an energy holding company based in Albuquerque, New Mexico, delivering energy to over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM [5] Proposed Energy Resource Portfolio - PNM, a subsidiary of TXNM Energy, filed an application with the New Mexico Public Regulation Commission (NMPRC) to add new energy resources by summer 2028 [1] - The proposed portfolio includes 430 MW of new solar and battery storage to meet forecasted peak load requirements in 2028 and support New Mexico's zero-carbon goals [2] - The portfolio involves: - Extension of a 167 MW Valencia Purchase Power Agreement (PPA) through 2039 [3] - Addition of 300 MW capacity through Energy Storage Agreements (ESAs) for two 150 MW battery storage facilities [3] - Addition of a 130 MW solar and battery storage facility (100 MW solar, 30 MW battery storage) with an option for an additional 20 MW of battery storage [3] - The 130 MW/150 MW facility is proposed to be located in New Mexico's Central Consolidated School District, where the San Juan Generating Station was retired in 2022 [4] Capital Investment - The proposed portfolio reflects a capital investment of $220 million from PNM, which could increase to$252 million if the additional 20 MW of storage option is selected [4] Regulatory Approval - The filing is subject to approval by the NMPRC, with PNM requesting approval within nine months [4]