TXNM ENERGY INC 8-K

What Happened

• On May 29, 2026, TXNM Energy’s wholly‑owned subsidiary Texas‑New Mexico Power Company (TNMP) filed a comprehensive settlement in its base rate review pending before the Public Utility Commission of Texas (PUCT).
• TXNM’s other wholly‑owned utility, Public Service Company of New Mexico (PNM), filed an application with the New Mexico Public Regulatory Commission (NMPRC) requesting approval of resources described in its plan to advance carbon‑free generation to meet New Mexico’s clean energy requirements (press release furnished June 1, 2026).
• TXNM Energy disclosed these developments in a Form 8‑K filed June 1, 2026; the related press releases were furnished as Exhibits 99.1 (TNMP press release, May 29, 2026) and 99.2 (PNM press release, June 1, 2026).

Key Details

• Form 8‑K filed: June 1, 2026 (furnishes press releases; information furnished, not filed).
• TNMP action: comprehensive settlement submitted in PUCT base rate review (filed May 29, 2026).
• PNM action: application to NMPRC for approval of carbon‑free generation resources to comply with the state’s clean energy requirements (press release furnished June 1, 2026).
• Filing signed by Gerald R. Bischoff, Vice President and Corporate Controller, on behalf of TXNM Energy, PNM and TNMP.

Why It Matters

• These are regulatory steps that could affect future utility rates, allowed returns, capital spending and the resource mix for TXNM’s regulated businesses—outcomes depend on PUCT and NMPRC review and approval.
• Investors should watch the PUCT and NMPRC proceedings and subsequent company updates, since final regulatory decisions can materially influence revenues and investments tied to the utilities’ rate base and clean‑energy plans.