TNMP (TXNM) reaches Settlement in Principle in System Resiliency Plan

TNMP, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), filed an unopposed joint motion yesterday to abate the procedural schedule in its System Resiliency Plan filing, including the hearing on the merits that is currently scheduled for November 19-20, 2024. The administrative law judge approved TNMP's request.

The parties participating in this proceeding have reached a settlement in principle, or are unopposed to the settlement in principle, and require time to memorialize and file a formal settlement agreement. The filing requests an order cancelling the hearing on the merits, abating the scheduling order, and requiring parties to file a settlement agreement or a joint status update on settlement by December 5, 2024.

TNMP's filed System Resiliency Plan includes measures totaling $600 million of capital investments and $151 million of other related costs over 3 years and was developed using a comprehensive and data-driven approach which evaluated various types of resiliency events posing material risk to the safe and reliable operation of TNMP's distribution system.

Yesterday's filing and the application are available at https://www.txnmenergy.com/investors/rates-and-filings/tnmp-puct-filings.aspx.

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