TNMP, the Texas-based subsidiary of TXNM Energy, Inc., received approval from the Public Utility Commission of Texas (PUCT) for its recent Transmission Cost of Service (TCOS) and Distribution Cost Recovery Factor (DCRF) applications. These approvals enable the recovery of significant capital investments and contribute to the company's revenue streams.
On September 20, 2024, the PUCT approved TNMP's TCOS filing, resulting in an annual rate increase of $3.9 million. This increase is designed to recover $20.6 million of incremental transmission rate base, with the associated rates becoming effective upon approval.
Subsequently, on October 3, 2024, the PUCT also approved TNMP's DCRF application. This approval will lead to an annual rate increase of $7.7 million, recovering $43.7 million of incremental distribution rate base, with these rates set to become effective in approximately 45 days.
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