TX · electric · 58964
Active case·Settlement pending·Settlement pending
The settlement would preserve TNMP's current authorized capital terms and recover the filed June 2025 rate base, but it remains subject to a PUCT final order.
TNMP filed an unopposed comprehensive settlement that supports recovery of its $2.8 billion filed rate base while continuing the existing 9.65 percent ROE and 45 percent equity ratio.
May 29, 2026
Jul 20, 2026
Case stage
settlement pending
Filed
Nov 14, 2025
Testimony
Not recorded
Hearings
Not recorded
Briefing
Jul 20, 2026
Decision
Not recorded
Rates effective
Not recorded
State rules
This docket is a full base-rate review. Selected charges can change on separate schedules without reopening every issue in this case.
Full base-rate review
At least every four years
A regulated electric utility generally must initiate a comprehensive base-rate proceeding at least once every four years, subject to the statutory waiver process.
Rate period: Historical test year in the comprehensive rate filing.
Governing rule ↗Between full reviews
Distribution Cost Recovery Factor
Up to twice per year
A DCRF updates distribution rates for eligible capital investment placed in service since the last comprehensive rate case. The investment is reconciled in a later base-rate proceeding.
Governing source ↗Settlement under review
Utility request and proposed settlement.
| Metric | Utility request | Proposed settlement | Like-for-like difference |
|---|---|---|---|
| Annual revenue increase | $33.8M Historical test year ended June 30, 2025 | Not available Settlement value not captured | — |
| Rate base | $2,800M Historical test year ended June 30, 2025 · Jun 30, 2025 | $2,800M Historical test year ended June 30, 2025 · May 29, 2026 | $0M |
| Return on equity | 10.4% Historical test year ended June 30, 2025 · Nov 14, 2025 | 9.65% Historical test year ended June 30, 2025 · May 29, 2026 | — Not compared: scope differ |
| Common equity ratio | 47.54% Historical test year ended June 30, 2025 · Nov 14, 2025 | 45% Historical test year ended June 30, 2025 · May 29, 2026 | — Not compared: scope differ |
| Residential bill impact | Not available Historical test year ended June 30, 2025 · Nov 14, 2025 | Not available Settlement value not captured | — |
Prior authorizations, mechanism values, actuals, and company projections are shown separately because they are not default like-for-like case comparisons.
Common equity ratio
authorized · TNMP authorized capital structure used in the approved 2025 distribution cost recovery filing. · May 15, 2025
45%
Return on equity
authorized · TNMP authorized return on equity used in the approved 2025 distribution cost recovery filing. · May 15, 2025
9.65%
2 events · 4 documents · 3 citations
Material filings, hearings, orders, and effective dates.
May 29, 2026
TNMP filed the unopposed comprehensive settlement
proposed settlement · completed
Jul 20, 2026
Corrections or exceptions to the proposed order due
official commission · scheduled
Docket and evidence documents linked to this proceeding.
PUCT filing interchange — Docket 58964
official docket · direct · —
Proposed order with memorandum
evidence · direct · Jul 9, 2026
TNMP files comprehensive rate settlement
evidence · supporting · May 29, 2026
TNMP application and statement of intent — Docket 58964
evidence · direct · Nov 14, 2025
Field-level excerpts and review metadata supporting material facts.
TNMP application and statement of intent — Docket 58964
commission filing · Nov 14, 2025
Proposed order with memorandum
proposed order memorandum · Jul 9, 2026
TNMP files comprehensive rate settlement
form 8 k exhibit · May 29, 2026
Stage-preserving economics and party positions as published in the canonical record.
| Metric | Stage | Party | Period | Value | Evidence |
|---|---|---|---|---|---|
| Annual revenue change | utility request | Texas-New Mexico Power Company | Historical test year ended June 30, 2025 | $33.8M | |
| Residential monthly bill impact | utility request | Texas-New Mexico Power Company | Historical test year ended June 30, 2025 | Not available | |
| Common equity ratio | utility request | Texas-New Mexico Power Company | Historical test year ended June 30, 2025 | 47.54% | |
| Overall rate of return | utility request | Texas-New Mexico Power Company | Historical test year ended June 30, 2025 | 7.88% | |
| Return on equity | utility request | Texas-New Mexico Power Company | Historical test year ended June 30, 2025 | 10.4% | |
| Common equity ratio | settlement | Texas-New Mexico Power Company | Historical test year ended June 30, 2025 | 45% | |
| Rate base | utility request | Texas-New Mexico Power Company | Historical test year ended June 30, 2025 | $2,800M | |
| Rate base | settlement | Texas-New Mexico Power Company | Historical test year ended June 30, 2025 | $2,800M | |
| Return on equity | settlement | Texas-New Mexico Power Company | Historical test year ended June 30, 2025 | 9.65% |