TXNM Energy Inc

txnmenergy.com

TXNM Energy Inc (NYSE: TXNM) is a regulated electric utility holding company that generates, transmits, and distributes electricity through two operating subsidiaries: Public Service Company of New Mexico (PNM), a New Mexico corporation, and Texas-New Mexico Power Company (TNMP), a Texas corporation. Revenue comes from regulated electric service rates approved by state utility commissions, with PNM operating under New Mexico Public Regulation Commission oversight and TNMP operating under Texas regulatory jurisdiction. TXNM files combined 10-K disclosures covering the parent and both subsidiaries under the reduced disclosure format permitted for PNM and TNMP. As of June 30, 2025, the aggregate market value of TXNM voting common stock held by non-affiliates was computed at a $56.32 per share NYSE closing price. A previously announced merger with Avangrid, Inc. under an agreement dated October 20, 2020 was terminated on December 31, 2023, leaving TXNM as an independent public company.