PNM and parties file Unopposed Stipulation in 2028 Resource Application

PR Newswire03-13

ALBUQUERQUE, N.M., March 13, 2025 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), and intervening parties in its 2028 Resource Application filed an unopposed comprehensive ...

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}","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2519882551","pubTimestamp":1741861800,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"ALBUQUERQUE,N.M., March 13, 2025 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy ,and intervening parties in its 2028 Resource Application filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission .The stipulation supports approval of PNM's proposed resource portfolioadding 450 megawatts  of new solar and battery storage capacity in 2028 to serve customers and continue progress towards the zero-carbon requirements of New Mexico's Energy Transition Act, including:. extension of a Valencia Purchase Power Agreement  for 167 MW through 2039 ,addition of 300 MW capacity through Energy Storage Agreements  for two, 150 MW battery stand-alone storage facilities, and. addition of a 150 MW solar and battery storage facility  to be owned and operated byPNM, which includes the proposed option to increase the battery storage by an additional 20 MW.The proposed portfolio reflects $252 million of capital investment from PNM in 2026 through 2028.Partie","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4081":"电力公用事业","PPA":"国防航太ETF-PowerShares","TXNM":"TXNM Energy"},"translate_title":"PNM和各方在2028年资源申请中提交无异议规定","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PPA":1,"TXNM":0.9},"content_text":"ALBUQUERQUE, N.M., March 13, 2025 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), and intervening parties in its 2028 Resource Application filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission (NMPRC).\n\n  \n\nThe stipulation supports approval of PNM's proposed resource portfolio adding 450 megawatts (MW) of new solar and battery storage capacity in 2028 to serve customers and continue progress towards the zero-carbon requirements of New Mexico's Energy Transition Act, including:\n\nextension of a Valencia Purchase Power Agreement (PPA) for 167 MW through 2039 (current agreement expires in 2028),\naddition of 300 MW capacity through Energy Storage Agreements (ESAs) for two, 150 MW battery stand-alone storage facilities, and\naddition of a 150 MW solar and battery storage facility (100 MW solar, 50 MW battery storage) to be owned and operated by PNM, which includes the proposed option to increase the battery storage by an additional 20 MW.\n\nThe proposed portfolio reflects $252 million of capital investment from PNM in 2026 through 2028.\nParties to the stipulation include Utility Division Staff of the New Mexico Public Regulation Commission, Coalition for Clean Affordable Energy, New Energy Economy, New Mexico Affordable Reliable Energy Alliance, Western Resource Advocates and Prosperity Works. Central Consolidated School District supports the stipulation. Other parties may file their positions within 5 business days.\nThe stipulation is subject to NMPRC approval. Hearings on the filing are scheduled to begin on April 2, 2025.\nToday's filing and the application are available at https://www.txnmenergy.com/investors/rates-and-filings/pnm-nmprc-filings.aspx.\nBackground:\nTXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company's website at www.TXNMEnergy.com.\n\n\n\n\nContacts: \n\n\nAnalysts \nMedia \n\n\nLisa Goodman \nCorporate Communications \n\n\n(505) 241-2160 \n(505) 241-2743 \n\n\n\n\nSafe Harbor Statement under the Private Securities Litigation Reform Act of 1995\nStatements made in this news release for TXNM Energy, Inc. (\"TXNM\"), Public Service Company of New Mexico (\"PNM\"), or Texas-New Mexico Power Company (\"TNMP\") (collectively, the \"Company\") that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies, including the unaudited financial results and earnings guidance, are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates and apply only as of the date of this report. TXNM, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, TXNM, PNM, and TNMP caution readers not to place undue reliance on these statements. TXNM's, PNM's, and TNMP's business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company's Form 10-K, Form 10-Q filings and the information included in the Company's Forms 8-K with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein.\n View original content to download multimedia:https://www.prnewswire.com/news-releases/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application-302400867.html\nSOURCE TXNM Energy, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.33.2","shortVersion":"4.33.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2519882551"}