Rates and Filings

December 12, 2025: Order Canceling Hearings

December 11, 2025: Notice of Unopposed Settlement and Unanimous Stipulation and Agreement

December 10, 2025: Filed Stipulation and Agreement

October 17, 2025: Procedural Schedule leading to Hearing on December 15-16, 2025 (Dec 17th reserved if necessary) 

October 1, 2025: Order scheduling Hearing on the Merits for December 15-16, 2025

 August 25, 2025: Joint Application

• Direct Testimony of Neal Walker, TNMP President
• Direct Testimony of Stacy Whitehurst, TNMP VP Regulatory
• Direct Testimony of EJ Lopez, TXNM Energy Assistant Controller
• Direct Testimony of Sebastien Sherman, Blackstone Senior Managing Director
• Direct Testimony of Heidi Boyd, Blackstone Senior Managing Director
• Direct Testimony of Ellon Lapson, CFA, expert witness relating to utility finance, financial strength, and utility capital markets matters

2025 Filings

2024 Filings

March 13, 2025: PUCT approves System Resiliency Plan as modified by Agreement and Order

December 11, 2024: Unopposed Settlement Filed

November 18, 2024: Order Granting Motion to Abate and Canceling Hearing

November 18, 2024: Settlement in Principle reached, Unopposed Motion to Abate Hearings filed

September 19, 2024: Procedural Order

• September 25, 2024: Deadline for Staff recommendation on sufficiency of SRP
• September 27, 2024: Intervention Deadline
• October 22, 2024: Intervenor Direct Testimony and Request for Hearing
• October 29, 2024: Staff Direct Testimony and Request for Hearing, or recommendation on final disposition
• November 7, 2024: TNMP Rebuttal Testimony; Staff and Intervenors' Cross-Rebuttal Testimony
• November 19-20, 2024: Hearing (if requested)
• January 17, 2025: Target PFD
• February 24, 2025: 180-day statutory deadline for Commission order

August 28, 2024: TNMP filed Application for Approval of 2025-2027 System Resiliency Plan

May 13, 2021: Final Order Approving Stipulation

May 6, 2021: PUCT vote to approve application

March 30, 2021: Settlement filing

• Notice of Stipulation
• Unanimous Stipulation and Agreement
• Stacy R. Whitehurst Supplemental Testimony
• Pedro Azagra Blazquez Supplemental Testimony
• Carolyn A. Berry Ph.D. Supplemental Testimony
  
  

February 23, 2021: Order Amending Procedural Schedule

• January 20, 2021 - Intervention Deadline
• February 23, 2021 - Intervenor Testimony
• March 2, 2021 - Staff Testimony
• March 3, 2021 Settlement Conference
• March 15, 2021 - Rebuttal Testimony
• March 19, 2021 - Prehearing Conference
• March 24 - 26, 2021 - Hearing (subject to Commissioner availability)
• May 22, 2021 - 180^th day after filing
  
  

December 14, 2020: Procedural Schedule Concerning Joint Application

November 23, 2020: Joint Application of Texas-New Mexico Power Company, NM Green Holdings, Inc. and AVANGRID, Inc. for Regulatory Approvals

December 20, 2018:  Order Approving Settlement Filing 

November 2, 2018:  TNMP General Rate Review Settlement

May 30, 2018:  TNMP General Rate Review Filing 

• Application and Statement of Intent 
• A Schedules - Revenue Requirements
• B Schedules - Rate Base
• C Schedules - Cost of Capital
• Walker – Overview and Principal Factors
• Spanos – Operations
• Nix – Technical Service & System Reliability
• Beard – Vegetation Management
• Hevert – Cost of Capital, Return on Equity
• Lapson – Capital Structure, Credit Agency Expectations, Investor Perception
• Eden – Treasury and Risk
• Morris – Income Tax
• Flaherty – PNM Resources Shared Services
• Simpkins – Shared Services: Call Center Services
• Peters - Shared Services: Overview, Accounting and Other
• Teague – Shared Services: Public Policy and Call Center
• Monfiletto – Shared Services: People Services and Benefits
• Mertz – Shared Services: Business Technology Services and NERC Compliance
• Gannon – Shared Services: Environment and Safety
• Cherry – Shared Services: Supply Chain and General Services
• Sanchez - Shared Services: Legal Services
• Watson – Depreciation Study
• Wilson - Catastrophe Reserve
• Joyce – Lead Lag Study
• Gagne – Pension and Other Post-Employment Benefits
• Monroy – Cost of Service, Shared Services: Internal Audit and Finance
• McMenamin – Weather Normalization and Load Study
• Whitehurst – Customer Class Cost-of-Service, Rate Design, Operations and Maintenance Expense, Hurricane Harvey Recovery, AMS Cost Reconciliation, Vegetation Management Rider
• Roberts – Advanced Meter System Cost Reconciliation
• Sullivan – Advanced Meter Cost Reconciliation for IT
• Lopez – Advanced Meter Cost Reconciliation
• Seamster – Rate Case and Other Proceeding Expenses, Advanced Meter Cost Reconciliation