TNMP files comprehensive rate settlement with PUCT supporting $2.8B rate base recovery

TXNM Energy's Texas subsidiary TNMP filed a settlement agreement with the Public Utility Commission of Texas maintaining a 9.65% return on equity and 45% equity ratio, while recovering $2.8 billion in rate base and $20.5 million in Hurricane Beryl restoration costs. The settlement, supported by major stakeholders including municipalities, data centers, and Walmart, is subject to PUCT approval with rates retroactive to May 22, 2026.