TXNM subsidiaries: TNMP rate settlement with $20.5M storm rider, PNM resource plan with 1.65 GW renewables

TXNM ENERGY INC

TNMP rate settlement recovers $2.8B rate base, maintains 9.65% ROE, 45% equity ratio; subject to PUCT approval.
Separate $20.5M Hurricane Beryl cost rider over 5 years included in settlement.
PNM seeks NMPRC approval for 800 MW wind, 240 MW solar, 610 MW battery storage, 40 MW natural gas.
PNM plans to fully exit coal by 2031, forecasting 40% customer demand increase by 2032.
Capital investments part of $4.9B 5-year plan; no new large load customers affiliated with Blackstone.

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