TNMP 2025 general rate review
58964 · Opened Nov 14, 2025
Open
settlement pending
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TNMP
Texas-New Mexico Power Company
TX · electric
- Current parent
- Texas-New Mexico Power Company
- Open cases
- 1
- Updated
- Jul 21, 2026
Current economics
Oversight and service
Proceedings
View all utility cases →Regulatory history
| Effective date | Proceeding | ROE | Common equity | Rate base |
|---|---|---|---|---|
| Current | Current electric profile Electric · Latest supported values | 9.65% Authorized · May 15, 2025 | 45% Authorized · May 15, 2025 | — |
| May 29, 2026 | TNMP 2025 general rate review 58964 · Historical test year ended June 30, 2025 · Electric Compare stagesROE Utility request 10.4% → Settlement 9.65% Common equity Utility request 47.54% → Settlement 45% Rate base Utility request $2.8B → Settlement $2.8B | 9.65% Settlement · May 29, 2026 | 45% Settlement · May 29, 2026 | $2.8B Settlement · May 29, 2026 |
View full observation log (11)
| Metric | Date | Stage | Value | Scope |
|---|---|---|---|---|
| Annual revenue change | Nov 14, 2025 | utility request | $33.8M/year | Filed system-wide request |
| Residential monthly bill impact | Nov 14, 2025 | utility request | — | TNMP is a transmission and distribution utility billing retail electric providers rather than end users |
| Common equity ratio | Nov 14, 2025 | utility request | 47.54% | Filed system-wide request |
| Overall rate of return | Nov 14, 2025 | utility request | 7.88% | Filed system-wide request |
| Return on equity | Nov 14, 2025 | utility request | 10.4% | Filed system-wide request |
| Common equity ratio | May 29, 2026 | settlement | 45% | Pending settlement term continuing TNMP's currently authorized equity ratio. |
| Rate base | Jun 30, 2025 | utility request | $2.8B | TNMP filed rate base as of June 30, 2025, rounded in the SEC-filed settlement release. |
| Rate base | May 29, 2026 | settlement | $2.8B | Filed June 30, 2025 rate base supported by the pending comprehensive settlement, rounded in the SEC-filed release. |
| Return on equity | May 29, 2026 | settlement | 9.65% | Pending settlement term continuing TNMP's currently authorized ROE. |
| Common equity ratio | May 15, 2025 | authorized | 45% | TNMP authorized capital structure used in the approved 2025 distribution cost recovery filing. |
| Return on equity | May 15, 2025 | authorized | 9.65% | TNMP authorized return on equity used in the approved 2025 distribution cost recovery filing. |