TXNM Energy Asks for Energy Resources, Citing Demand from Large Load Customers

Dow Jones06-02

By Katherine Hamilton

 

TXNM Energy's subsidiary PNM has asked regulators for more resources to meet rising customer demand.

PNM submitted an application to the New Mexico Public Regulation Commission seeking approval for 800 megawatts of wind resources, 240 megawatts of solar resources, 610 megawatts of battery storage resources and 40 megawatts of natural gas.

PNM is forecasting a 40% increase in customer electricity demand by 2032, driven by load growth and New Mexico's economic development efforts.

New large load customers will still need to cover the incremental costs they are adding to the system and pay for a share of the existing system, TXNM said.

 

Write to Katherine Hamilton at katherine.hamilton@wsj.com

 

(END) Dow Jones Newswires

June 01, 2026 13:39 ET (17:39 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment