PNM, a wholly-owned subsidiary of TXNM Energy, has filed a joint notice with the New Mexico Public Regulation Commission (NMPRC) indicating a Settlement in Principle in its 2025 Rate Request application. This development involves several key parties, including the New Mexico Department of Justice and Utility Division Staff.
To facilitate the finalization of a comprehensive stipulation, the parties have filed an unopposed joint motion requesting a modification to the procedural schedule. This adjustment aims to vacate the November 26, 2024, testimony deadline and schedule a conference during the week of December 2, 2024, to revise subsequent deadlines.
Any resulting stipulation from this settlement in principle remains subject to final approval by the NMPRC. The evidentiary hearings for the rate case are requested to remain scheduled to commence in mid-February 2025.
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