Approval of TNMP application for incremental rate base recovery
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TXNM Energy's subsidiary TNMP has received approval from the Public Utility Commission of Texas (PUCT) for a Transmission Cost of Service (TCOS) application. The approved annual rate increase of $11.5 million will recover $83.5 million of incremental transmission rate base, with rates becoming effective immediately upon approval.
March 26, 2025 | 10:45 am
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POSITIVE IMPACT
TNMP's approved rate increase will positively impact TXNM's revenue and potentially improve its financial performance by recovering transmission infrastructure investments.
The rate increase directly benefits TXNM by allowing cost recovery for transmission infrastructure, which should positively impact the company's financial outlook.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90