{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-25-000040","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2025-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.545221+00:00","generated_at":"2026-05-21T04:29:44.303557+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"regulatory","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PNM and TNMP receive rate approvals; PNM $105M revenue increase, TNMP $25M annual increase","bullets":["PNM's $105.0M revenue requirement increase approved by NMPRC, based on 9.45% ROE and 51% equity on $3.0B rate base.","50% of PNM rate increase effective July 1, 2025; remaining 50% effective April 1, 2026.","TNMP receives PUCT approval for $25.0M annual distribution cost recovery increase, reflecting $176.6M incremental rate base at 9.65% ROE.","TNMP's new rates will become effective in approximately 45 days.","Prior PNM ROE was 9.26% on 50% equity; new structure improves regulated returns."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-25-000040","json":"https://secwatch.observer/filing/0001108426-25-000040.json","markdown":"https://secwatch.observer/filing/0001108426-25-000040.md","text":"https://secwatch.observer/filing/0001108426-25-000040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000040/0001108426-25-000040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/81023/000110842625000040/pnm-20250515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T04:29:44.303557+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}