{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-24-000002","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2024-01-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.383568+00:00","generated_at":"2026-06-07T05:04:48.403088+00:00","sec_items":["1.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"PNM Resources merger with Avangrid terminated as of Dec 31, 2023; Avangrid did not accept extension","bullets":["Avangrid terminated merger agreement on Dec 31, 2023, after end date; PNM Board had approved extension.","All federal/state approvals received except NM Supreme Court decision on appeal of denial.","CEO Pat Vincent-Collawn expressed disappointment; company focuses on infrastructure and 5% long-term earnings growth.","PNM will provide financial update on Feb 6, 2024, including preliminary 2023 results and 2024 guidance."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-24-000002","json":"https://secwatch.observer/filing/0001108426-24-000002.json","markdown":"https://secwatch.observer/filing/0001108426-24-000002.md","text":"https://secwatch.observer/filing/0001108426-24-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000002/0001108426-24-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000002/pnm-20240102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T05:04:48.403088+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6eeb2f701ce3a595dd1bcf1fa877855677a2db83","claim":"TXNM ENERGY INC terminated Agreement and Plan of Merger with PNM Resources, Inc., Avangrid, Inc., and NM Green Holdings, Inc. (effective 2023-12-31).","evidence_excerpt":"On December 31, 2023, Avangrid informed PNMR that it was terminating the Merger Agreement (the “Termination”), effective as of December 31, 2023.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000002/0001108426-24-000002-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"PNM Resources, Inc., Avangrid, Inc., and NM Green Holdings, Inc."},{"label":"Effective","value":"2023-12-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}