Approval of TNMP application for incremental rate base recovery

Core Insights - TNMP, a subsidiary of TXNM Energy, received approval from the Public Utility Commission of Texas for its Transmission Cost of Service application [1][2] - The approved annual rate increase is $11.5 million, which will recover$83.5 million of incremental transmission rate base [2] Company Overview - 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]