TNMP Receives Approval for Incremental Rate Base Recovery Applications
TNMP, a subsidiary of TXNM Energy, Inc. (NYSE: TXNM), has received approval from the Public Utility Commission of Texas (PUCT) for two rate base recovery applications. The first, a Transmission Cost of Service (TCOS) filing, was approved on September 20, 2024, allowing for an annual rate increase of $3.9 million to recover $20.6 million of incremental transmission rate base. The second, a Distribution Cost Recovery Factor (DCRF) application, was approved on October 3, 2024, permitting an annual rate increase of $7.7 million to recover $43.7 million of incremental distribution rate base.
TXNM Energy, based in Albuquerque, New Mexico, serves over 800,000 customers in Texas and New Mexico through its regulated utilities, TNMP and PNM. The approved TCOS rates are already in effect, while the DCRF rates will become effective in approximately 45 days.
TNMP, una filiale di TXNM Energy, Inc. (NYSE: TXNM), ha ricevuto l'approvazione dalla Commissione Pubblica per i Servizi Pubblici del Texas (PUCT) per due domande di recupero della base tariffaria. La prima, un deposito per il Costo del Servizio di Trasmissione (TCOS), è stata approvata il 20 settembre 2024, consentendo un aumento annuale delle tariffe di 3,9 milioni di dollari per recuperare 20,6 milioni di dollari di base tariffaria di trasmissione incrementale. La seconda, una domanda per il Fattore di Recupero dei Costi di Distribuzione (DCRF), è stata approvata il 3 ottobre 2024, permettendo un aumento annuale delle tariffe di 7,7 milioni di dollari per recuperare 43,7 milioni di dollari di base tariffaria di distribuzione incrementale.
TXNM Energy, con sede ad Albuquerque, nel New Mexico, serve oltre 800.000 clienti in Texas e New Mexico attraverso le sue utility regolate, TNMP e PNM. Le tariffe TCOS approvate sono già in vigore, mentre le tariffe DCRF entreranno in vigore tra circa 45 giorni.
TNMP, una filial de TXNM Energy, Inc. (NYSE: TXNM), ha recibido la aprobación de la Comisión de Servicios Públicos de Texas (PUCT) para dos solicitudes de recuperación de la base tarifaria. La primera, una presentación del Costo del Servicio de Transmisión (TCOS), fue aprobada el 20 de septiembre de 2024, permitiendo un incremento anual de tarifas de 3.9 millones de dólares para recuperar 20.6 millones de dólares de base tarifaria de transmisión incremental. La segunda, una solicitud del Factor de Recuperación de Costos de Distribución (DCRF), fue aprobada el 3 de octubre de 2024, permitiendo un incremento anual de tarifas de 7.7 millones de dólares para recuperar 43.7 millones de dólares de base tarifaria de distribución incremental.
TXNM Energy, con sede en Albuquerque, Nuevo México, sirve a más de 800,000 clientes en Texas y Nuevo México a través de sus utilidades reguladas, TNMP y PNM. Las tarifas TCOS aprobadas ya están en vigor, mientras que las tarifas DCRF entrarán en vigor en aproximadamente 45 días.
TNMP는 TXNM Energy, Inc. (NYSE: TXNM)의 자회사로, 텍사스 공공 유틸리티 위원회(PUCT)로부터 두 가지 요금 기반 회수 신청에 대한 승인을 받았습니다. 첫 번째, 송전 서비스 비용(TCOS) 신청은 2024년 9월 20일에 승인되어 연간 390만 달러의 요금 인상을 허용하여 2천6백만 달러의 증가된 송전 요금 기반을 회수할 수 있게 되었습니다. 두 번째, 배급 비용 회수 요소(DCRF) 신청은 2024년 10월 3일에 승인되어 연간 770만 달러의 요금 인상을 허용하여 4천3백7십만 달러의 증가된 배급 요금 기반을 회수할 수 있게 되었습니다.
TXNM Energy는 뉴멕시코주 앨버커키에 본사를 두고 있으며, TNMP와 PNM이라는 규제 유틸리티를 통해 텍사스와 뉴멕시코에서 80만 명 이상의 고객에게 서비스를 제공하고 있습니다. 승인된 TCOS 요금은 이미 적용되고 있으며, DCRF 요금은 약 45일 후에 시행될 예정입니다.
TNMP, une filiale de TXNM Energy, Inc. (NYSE: TXNM), a reçu l'approbation de la Commission des Services Publics du Texas (PUCT) pour deux demandes de récupération de la base tarifaire. La première, une demande de Coût du Service de Transmission (TCOS), a été approuvée le 20 septembre 2024, permettant une augmentation annuelle des tarifs de 3,9 millions de dollars pour récupérer 20,6 millions de dollars de base tarifaire de transmission supplémentaire. La seconde, une demande de Facteur de Récupération des Coûts de Distribution (DCRF), a été approuvée le 3 octobre 2024, autorisant une augmentation annuelle des tarifs de 7,7 millions de dollars pour récupérer 43,7 millions de dollars de base tarifaire de distribution supplémentaire.
TXNM Energy, dont le siège est à Albuquerque, au Nouveau-Mexique, dessert plus de 800 000 clients au Texas et au Nouveau-Mexique grâce à ses services publics régulés, TNMP et PNM. Les tarifs TCOS approuvés sont déjà en vigueur, tandis que les tarifs DCRF entreront en vigueur dans environ 45 jours.
TNMP, eine Tochtergesellschaft von TXNM Energy, Inc. (NYSE: TXNM), hat die Genehmigung der Texas Public Utility Commission (PUCT) für zwei Anträge zur Erholung der Tarifbasis erhalten. Der erste, ein Antrag auf Kosten des Übertragungsdienstes (TCOS), wurde am 20. September 2024 genehmigt und erlaubt eine jährliche Tariferhöhung von 3,9 Millionen Dollar, um 20,6 Millionen Dollar an zusätzlichen Übertragungsgebühren zu decken. Der zweite Antrag, ein Antrag auf Erholungsfaktor für Verteilungskosten (DCRF), wurde am 3. Oktober 2024 genehmigt und erlaubt eine jährliche Tariferhöhung von 7,7 Millionen Dollar, um 43,7 Millionen Dollar an zusätzlichen Verteilungsgebühren zu decken.
TXNM Energy mit Sitz in Albuquerque, New Mexico, bedient über 800.000 Kunden in Texas und New Mexico über seine regulierten Versorgungsunternehmen TNMP und PNM. Die genehmigten TCOS-Tarife sind bereits in Kraft, während die DCRF-Tarife in etwa 45 Tagen wirksam werden.
- Approval of $3.9 million annual rate increase for transmission cost recovery
- Approval of $7.7 million annual rate increase for distribution cost recovery
- Recovery of $20.6 million in incremental transmission rate base
- Recovery of $43.7 million in incremental distribution rate base
- None.
Insights
The approval of TNMP's rate recovery applications by the PUCT is a positive development for TXNM Energy. The combined annual rate increases of
This regulatory approval demonstrates a supportive regulatory environment in Texas, which is important for utility companies' ability to earn returns on their infrastructure investments. The timely recovery of capital expenditures helps maintain a healthy balance sheet and supports future growth initiatives.
For investors, this news indicates improved revenue visibility and the potential for enhanced earnings stability. The incremental rate base additions should contribute positively to TXNM's bottom line, potentially leading to improved financial performance in the coming quarters. However, it's important to note that the impact on overall financials may be modest given TXNM's total market capitalization of
ALBUQUERQUE, N.M., Oct. 4, 2024 /PRNewswire/ -- TNMP, the wholly-owned
On September 20, 2024, the PUCT approved TNMP's Application for Interim Update of Wholesale Transmission Rates through a Transmission Cost of Service (TCOS) filing. The approved annual rate increase of
On October 3, 2024, the PUCT approved TNMP's Application to Amend its Distribution Cost Recovery Factor (DCRF). The approved annual rate increase of
The filings can be found at https://www.txnmenergy.com/investors/rates-and-filings/tnmp-puct-filings.aspx.
Background:
TXNM Energy (NYSE: TXNM), an energy holding company based in
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Statements made in this news release for TXNM Energy, Inc. ("TXNM"), Public Service Company of
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SOURCE TXNM Energy, Inc.
FAQ
What rate increases did TNMP receive approval for in 2024?
When will the new DCRF rates for TNMP become effective?
How much incremental rate base is TNMP recovering through these approvals?
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