TNMP Receives Approval for Distribution Investment Recovery [Yahoo! Finance]
PNM Resources, Inc. (Holding Co.) (PNM)
Last pnm resources, inc. (holding co.) earnings: 2/28 06:30 am
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US:NYSE Investor Relations:
pnmresources.com/investors.aspx
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Source: Yahoo! Finance
Company (TNMP), the Texas utility subsidiary of PNM Resources, Inc. (NYSE: PNM), to recover over $205 million in net distribution infrastructure investments to reliably serve customers' power needs since its last filing. TNMP filed the Distribution Cost Recovery Factor (DCRF) application in April 2024 and received approval for the requested $15.7 million increase (on an annual basis) with rates effective July 28 Legislation passed during the 2023 Texas legislative session permits the historically annual filings on a semi-annual basis, further reducing regulatory lag associated with distribution capital investments. Recovery of investments under these filings, combined with recovery of transmission investments under semi-annual Transmission Cost of Service Filings, continues to support the robust investment plan to support reliable growth across the TNMP service territory. Background: PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M. , with 2023
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PNM
News
- PNM Resources, Inc. (NYSE: PNM) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Can PNM Resources, Inc. (NYSE:PNM) Improve Its Returns? [Yahoo! Finance]Yahoo! Finance
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PNM
Earnings
- 4/30/24 - Miss
PNM
Sec Filings
- 6/21/24 - Form 8-K
- 6/21/24 - Form 11-K
- 6/10/24 - Form 8-K
- PNM's page on the SEC website