Today, Texas-New Mexico Power (TNMP) filed its anticipated general rate review with the Public Utility Commission of Texas (PUCT). This is TNMP’s first general rate review since 2018 and reflects the company’s continued investment in maintaining safe and reliable electric service as Texas experiences rapid economic and population growth.

Since TNMP’s last rate case, the company has experienced a 13% increase in customers and a 44% increase in peak demand, underscoring the significant growth occurring across its service areas. To meet these needs, TNMP is requesting a $33.8 million annual increase in base rates, primarily driven by operations and maintenance (O&M) expenses. These include costs to implement a cyclical vegetation management program, increased staffing to support growth and reliability, higher insurance premiums, and enhanced catastrophe reserves.

In addition, TNMP is requesting $20.5 million in rate rider recovery associated with Hurricane Beryl restoration costs. The proposed rider would be recovered over a five-year period and is separate from the base rate request.

TNMP is requesting a return on equity (ROE) of 10.4% and a capital structure comprised of 52.5% debt and 47.5% equity. If approved, the proposed rates would result in an estimated $5.47 monthly increase to the average residential customer bill—approximately 3% of a customer’s total electric bill.

The proposed rate adjustments will allow TNMP to continue providing safe, reliable, and efficient electric service to its customers while keeping pace with the state’s ongoing growth and increasing energy demand.

Today, Texas-New Mexico Power (TNMP) filed its anticipated general rate review with the Public Utility Commission of Texas (PUCT). This is TNMP’s first general rate review since 2018 and reflects the company’s continued investment in maintaining safe and reliable electric service as Texas experiences rapid economic and population growth.

Since TNMP’s last rate case, the company has experienced a 13% increase in customers and a 44% increase in peak demand, underscoring the significant growth occurring across its service areas. To meet these needs, TNMP is requesting a $33.8 million annual increase in base rates, primarily driven by operations and maintenance (O&M) expenses. These include costs to implement a cyclical vegetation management program, increased staffing to support growth and reliability, higher insurance premiums, and enhanced catastrophe reserves.

In addition, TNMP is requesting $20.5 million in rate rider recovery associated with Hurricane Beryl restoration costs. The proposed rider would be recovered over a five-year period and is separate from the base rate request.

TNMP is requesting a return on equity (ROE) of 10.4% and a capital structure comprised of 52.5% debt and 47.5% equity. If approved, the proposed rates would result in an estimated $5.47 monthly increase to the average residential customer bill—approximately 3% of a customer’s total electric bill.

The proposed rate adjustments will allow TNMP to continue providing safe, reliable, and efficient electric service to its customers while keeping pace with the state’s ongoing growth and increasing energy demand.

About TNMP
Texas-New Mexico Power (TNMP) is a transmission and distribution service provider that delivers power to more than 280,000 homes and businesses throughout Texas. TNMP is committed to reliability, safety, and supporting the communities where its employees live and work.