TNMP Seeks $2.8 Billion Rate Base Recovery and $20.5 Million Beryl Rider
TXNM•TNMP, the TXNM Energy unit, filed a base rate settlement with the Texas PUC to recover its $2.8 billion rate base as of June 30, 2025, and maintain a 9.65% ROE and 45% equity ratio. It proposes $20.5 million in five-year rate rider recovery for Hurricane Beryl, subject to PUC approval.
1. Base Rate Settlement Details
TNMP filed a comprehensive settlement in its base rate review before the Public Utility Commission of Texas to recover its $2.8 billion rate base as of June 30, 2025. It aims to maintain its currently authorized 9.65% return on equity and 45% equity ratio under the agreement.
2. Rate Rider for Hurricane Beryl
The settlement includes $20.5 million in rate rider recovery for Hurricane Beryl restoration costs to be collected over a five-year period under interim capital recovery mechanisms. Approved rates in a final order will relate back to May 22, 2026.
3. Stakeholder Participation and Approval
The settlement is supported by PUC staff, municipal coalitions, energy and data center groups, and large consumers, with no opposition from Amazon Data Systems or the Texas Energy Association for Marketers. Final effectiveness is subject to approval by the Public Utility Commission of Texas.
