{"id":825237,"date":"2025-03-13T06:33:48","date_gmt":"2025-03-13T10:33:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\/"},"modified":"2025-03-13T06:33:48","modified_gmt":"2025-03-13T10:33:48","slug":"pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\/","title":{"rendered":"PNM and parties file Unopposed Stipulation in 2028 Resource Application"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\">ALBUQUERQUE,\u00a0N.M.<\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">March 13, 2025<\/span><\/span> \/PRNewswire\/ &#8212; PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM),\u00a0and intervening parties in its 2028 Resource Application filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission (NMPRC).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2464779\/TXNM_Energy_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2464779\/TXNM_Energy_Logo.jpg\" title=\"TXNM Energy Logo (PRNewsfoto\/TXNM Energy, Inc.)\" alt=\"TXNM Energy Logo (PRNewsfoto\/TXNM Energy, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The stipulation supports approval of PNM&#8217;s proposed resource portfolio\u00a0adding 450 megawatts (MW) of new solar and battery storage capacity in 2028 to serve customers and continue progress towards the zero-carbon requirements of <span class=\"xn-location\">New Mexico&#8217;s<\/span> Energy Transition Act, including:<\/p>\n<ul type=\"disc\">\n<li>extension of a Valencia Purchase Power Agreement (PPA) for 167 MW through 2039 (current agreement expires in 2028),<\/li>\n<li>addition of 300 MW capacity through Energy Storage Agreements (ESAs) for two, 150 MW battery stand-alone storage facilities, and<\/li>\n<li>addition of a 150 MW solar and battery storage facility (100 MW solar, 50 MW battery storage) to be owned and operated by\u00a0PNM, which includes the proposed option to increase the battery storage by an additional 20 MW.<\/li>\n<\/ul>\n<p>The proposed portfolio reflects <span class=\"xn-money\">$252 million<\/span> of capital investment from PNM in 2026 through 2028.<\/p>\n<p>Parties 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.<\/p>\n<p>The stipulation is subject to NMPRC approval. Hearings on the filing are scheduled to begin on <span class=\"xn-chron\">April 2, 2025<\/span>.<\/p>\n<p>Today&#8217;s filing and the application are available at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4382534-1&amp;h=1574284764&amp;u=https%3A%2F%2Fwww.txnmenergy.com%2Finvestors%2Frates-and-filings%2Fpnm-nmprc-filings.aspx&amp;a=https%3A%2F%2Fwww.txnmenergy.com%2Finvestors%2Frates-and-filings%2Fpnm-nmprc-filings.aspx\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.txnmenergy.com\/investors\/rates-and-filings\/pnm-nmprc-filings.aspx<\/a>.<\/p>\n<p>\n        <b>Background:<\/b>\n      <\/p>\n<p>TXNM Energy (NYSE: TXNM), an energy holding company based in <span class=\"xn-location\">Albuquerque, New Mexico<\/span>, delivers energy to more than 800,000 homes and businesses across <span class=\"xn-location\">Texas<\/span> and <span class=\"xn-location\">New Mexico<\/span> through its regulated utilities, TNMP and PNM. For more information, visit the company&#8217;s website at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4382534-1&amp;h=1746996167&amp;u=http%3A%2F%2Fwww.txnmenergy.com%2F&amp;a=www.TXNMEnergy.com\" target=\"_blank\" rel=\"nofollow\">www.TXNMEnergy.com<\/a>.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Contacts:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Analysts<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Media<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Lisa Goodman<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Corporate Communications<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(505) 241-2160<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(505) 241-2743<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995<\/b>\n      <\/p>\n<p>Statements made in this news release for TXNM Energy, Inc. (&#8220;TXNM&#8221;), Public Service Company of <span class=\"xn-location\">New Mexico<\/span> (&#8220;PNM&#8221;), or Texas-New Mexico Power Company (&#8220;TNMP&#8221;) (collectively, the &#8220;Company&#8221;) 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&#8217;s, PNM&#8217;s, and TNMP&#8217;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&#8217;s Form 10-K, Form 10-Q filings and the information included in the Company&#8217;s Forms 8-K with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein.<\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA40485&amp;sd=2025-03-13\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application-302400867.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application-302400867.html<\/a><\/p>\n<p>SOURCE  TXNM Energy, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA40485&amp;Transmission_Id=202503130630PR_NEWS_USPR_____LA40485&amp;DateId=20250313\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire ALBUQUERQUE,\u00a0N.M., March 13, 2025 \/PRNewswire\/ &#8212; PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM),\u00a0and intervening parties in its 2028 Resource Application filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission (NMPRC). The stipulation supports approval of PNM&#8217;s proposed resource portfolio\u00a0adding 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&#8217;s Energy Transition Act, including: extension of a Valencia Purchase Power Agreement (PPA) for 167 MW through 2039 (current agreement expires in 2028), addition of 300 MW capacity through Energy Storage Agreements (ESAs) for two, 150 MW battery stand-alone storage facilities, and addition of a 150 MW solar and battery &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PNM and parties file Unopposed Stipulation in 2028 Resource Application&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-825237","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PNM and parties file Unopposed Stipulation in 2028 Resource Application - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PNM and parties file Unopposed Stipulation in 2028 Resource Application - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire ALBUQUERQUE,\u00a0N.M., March 13, 2025 \/PRNewswire\/ &#8212; PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM),\u00a0and intervening parties in its 2028 Resource Application filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission (NMPRC). The stipulation supports approval of PNM&#8217;s proposed resource portfolio\u00a0adding 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&#8217;s Energy Transition Act, including: extension of a Valencia Purchase Power Agreement (PPA) for 167 MW through 2039 (current agreement expires in 2028), addition of 300 MW capacity through Energy Storage Agreements (ESAs) for two, 150 MW battery stand-alone storage facilities, and addition of a 150 MW solar and battery &hellip; Continue reading &quot;PNM and parties file Unopposed Stipulation in 2028 Resource Application&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-13T10:33:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2464779\/TXNM_Energy_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PNM and parties file Unopposed Stipulation in 2028 Resource Application\",\"datePublished\":\"2025-03-13T10:33:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\\\/\"},\"wordCount\":537,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2464779\\\/TXNM_Energy_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\\\/\",\"name\":\"PNM and parties file Unopposed Stipulation in 2028 Resource Application - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\/","og_locale":"en_US","og_type":"article","og_title":"PNM and parties file Unopposed Stipulation in 2028 Resource Application - Market Newsdesk","og_description":"PR Newswire ALBUQUERQUE,\u00a0N.M., March 13, 2025 \/PRNewswire\/ &#8212; PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM),\u00a0and intervening parties in its 2028 Resource Application filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission (NMPRC). The stipulation supports approval of PNM&#8217;s proposed resource portfolio\u00a0adding 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&#8217;s Energy Transition Act, including: extension of a Valencia Purchase Power Agreement (PPA) for 167 MW through 2039 (current agreement expires in 2028), addition of 300 MW capacity through Energy Storage Agreements (ESAs) for two, 150 MW battery stand-alone storage facilities, and addition of a 150 MW solar and battery &hellip; Continue reading \"PNM and parties file Unopposed Stipulation in 2028 Resource Application\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-13T10:33:48+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/2464779\/TXNM_Energy_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"PNM and parties file Unopposed Stipulation in 2028 Resource Application","datePublished":"2025-03-13T10:33:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\/"},"wordCount":537,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/2464779\/TXNM_Energy_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/pnm-and-parties-file-unopposed-stipulation-in-2028-resource-application\/","name":"PNM and parties file Unopposed Stipulation in 2028 Resource Application - 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