US News

Feb 27, 2026

Public Service Company of New Mexico Declares Preferred Dividend

ALBUQUERQUE, N.M., Feb. 27, 2026/ PRNewswire/-- The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy, declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable April 15, 2026, to shareholders of record at the close of business...Read more..

Feb 27, 2026

TXNM Energy Reports 2025 Results, Transaction and Regulatory Updates

2025 GAAP earnings of $1.48 per diluted share 2025 Ongoing earnings per share of $2.33 Proposed transaction with Blackstone Infrastructure is progressing through the regulatory approval process. "PNM and TNMP continue to grow and we remain focused on meeting our customer needs across New Mexico and Texas, with TNMP supporting a 28% increase in system peak...Read more..

Feb 26, 2026

TXNM Energy Board Declares Quarterly Common Stock Dividend

ALBUQUERQUE, N.M., Feb. 26, 2026/ PRNewswire/-- At its regular meeting held today, the Board of Directors of TXNM Energy, Inc. declared the regular quarterly dividend of $0.4225 per share on the company's common stock. The dividend is payable May 15, 2026, to shareholders of record at the close of business April 27, 2026.. Background: TXNM Energy, an energy holding...Read more..

Feb 20, 2026

FERC Authorizes TXNM Energy Acquisition by Blackstone Infrastructure, Finds Transaction Consistent with Public Interest

FERC rejected opposition based on data center ownership by Blackstone Infrastructure and affiliates and private equity ownership of public utilities, and relied on the adequacy of existing and committed state ring-fencing protections in New Mexico and Texas. The Public Utility Commission of Texas approved a settlement for the acquisition earlier this...Read more..

Feb 06, 2026

Texas Commission Approves TXNM Energy Acquisition by Blackstone Infrastructure

ALBUQUERQUE, N.M., Feb. 6, 2026/ PRNewswire/-- Today, the Public Utility Commission of Texas approved a unanimous settlement filed in the application by Texas-New Mexico Power Company for TXNM Energy, the parent company of TNMP, to be acquired by Blackstone Infrastructure. Terms of the settlement include $45 million in rate credits to customers, strong governance...Read more..

Dec 15, 2025

Parties in Texas Reach Unanimous Settlement for Approval of Blackstone Infrastructure Acquisition of TXNM Energy

ALBUQUERQUE, N.M., Dec. 15, 2025/ PRNewswire/-- Texas-New Mexico Power Company, the Texas utility subsidiary of TXNM Energy, together with Blackstone Infrastructure have reached a unanimous settlement with parties in its filed application with the Public Utility Commission of Texas for Blackstone Infrastructure to acquire the outstanding common stock of...Read more..

Dec 02, 2025

TXNM Energy Board Increases Annual Common Stock Dividend and Declares Quarterly Dividend Payment

ALBUQUERQUE, N.M., Dec. 2, 2025/ PRNewswire/-- At its regular meeting held today, the Board of Directors of TXNM Energy, Inc. unanimously voted to increase the company's annual dividend payment by $0.06, a 3.7 percent increase, to an indicated annual rate of $1.69 per share of common stock. Additionally, the board has declared the resulting quarterly stock dividend of...Read more..

Nov 17, 2025

TNMP Files Base Rate Review

ALBUQUERQUE, N.M., Nov. 17, 2025/ PRNewswire/-- TNMP, the wholly-owned subsidiary of TXNM Energy in Texas, filed its anticipated base rate review on Friday. TNMP requests recovery of $2.8 billion of rate base as of June 30, 2025, a requested return on equity of 10.4% and a 47.54% equity ratio. If approved by the Public Utility Commission of Texas, new rates are expected to...Read more..

Nov 14, 2025

Public Service Company of New Mexico Declares Preferred Dividend

ALBUQUERQUE, N.M., Nov. 14, 2025/ PRNewswire/-- The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy, declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable January 15, 2026, to shareholders of record at the close of business...Read more..

Oct 31, 2025

TXNM Energy Reports Third Quarter 2025 Results

"Third quarter results incorporate the implementation of the first phase of approved rates in New Mexico and newly approved transmission recovery in Texas, along with additional equity issued during the quarter," said Don Tarry, President and CEO of TXNM Energy. We look forward to continued conversations through the regulatory process and achieving the best...Read more..

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