TNMP Receives Approval for Distribution Investment Recovery

Source: www.gulfoilandgas.com 6/14/2024, Location: North America

The Public Utility Commission of Texas (PUCT) approved the application from Texas-New Mexico Power Company (TNMP), the Texas utility subsidiary of PNM Resources, Inc., to recover over $205 million in net distribution infrastructure investments to reliably serve customers' power needs since its last filing.

TNMP filed the Distribution Cost Recovery Factor (DCRF) application in April 2024 and received approval for the requested $15.7 million increase (on an annual basis) with rates effective July 28, 2024.

Legislation passed during the 2023 Texas legislative session permits the historically annual filings on a semi-annual basis, further reducing regulatory lag associated with distribution capital investments. Recovery of investments under these filings, combined with recovery of transmission investments under semi-annual Transmission Cost of Service Filings, continues to support the robust investment plan to support reliable growth across the TNMP service territory.


Bolivia >>  7/18/2024 - Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) estimates to invest approximately USD 400 million in facilities and the drilling of three addition...
Japan >>  7/18/2024 - INPEX CORPORATION (INPEX) announced it has made an investment in EneCoat Technologies Co., Ltd. (EneCoat), a Kyoto University-based startup company t...

United States >>  7/16/2024 - Gravitate, a leading provider of AI-enabled fuel management and energy logistics software announced a significant growth investment from Falfurrias Ma...
United States >>  7/16/2024 - Pacifico Energy has announced that Leon J. Persaud will join as Managing Director to focus on alternative investments within the renewable energy and ...

Canada >>  7/15/2024 - Artemis Investment Management Limited ("Artemis"), the trustee and manager of the Energy Income Fund (TSX – ENI.UN) ("the Fund"), is pleased to announ...
United Kingdom >>  7/15/2024 - New industry report illustrates how switching from gas to electrification (heating and solar), can cut energy bills by 40% or more
Demonstrates h...





Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.