TXNM Energy rises on administrative approval for system resiliency plan
ReutersMar 13, 2025 10:14 PM
Shares of utility company TXNM Energy TXNM.N rise 1.9% to $52.12 in extended trading
Company's subsidiary TNMP receives approval from the Public Utility Commission of Texas for its 2025-2027 system resiliency plan
Under the plan, TNMP will invest $545.8 million over three years to mitigate various types of resiliency events that pose material risk
Plan encompasses operations and maintenance expenses associated with several programs, including vegetation management and wildfire mitigation
Up till last close, stock up 4.1% YTD
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