TNMP, the wholly-owned Texas subsidiary of TXNM Energy, Inc. received approval from the Public Utility Commission of Texas (PUCT) for its recent Transmission Cost of Service and Distribution Cost Recovery Factor applications.
On September 20, 2024, the PUCT approved TNMP's Application for Interim Update of Wholesale Transmission Rates through a Transmission Cost of Service (TCOS) filing. The approved annual rate increase of $3.9 million recovers $20.6 million of incremental transmission rate base. The associated rates became effective upon approval.
On October 3, 2024, the PUCT approved TNMP's Application to Amend its Distribution Cost Recovery Factor (DCRF). The approved annual rate increase of $7.7 million recovers $43.7 million of incremental distribution rate base. The associated rates will become effective in approximately 45 days.
