New Base Delivery Rates, Riders Applicable To Retail Providers Approved At Texas-New Mexico Power

The Texas PUC approved a settlement to establish new electric delivery rates at Texas-New Mexico Power Company

In addition to setting new base delivery rates, the approved settlement establishes three new riders applicable to retail electric providers: a Hurricane Cost Recovery Factor rider (Rider HCRF), a resumption of the rate case expense rider (RCE), and an Interim Surcharge rider (Rider IS)

Rider IS essentially grants TNMP the revenues it would have received under interim rates without having implemented interim rates prior to a final order

Rider IS will recover the difference in revenue between the new delivery rates established upon PUC approval of the settlement, and those delivery rates in effect on May 22, 2026, for the period of time between May 22 and the final order adopting new rates

As such, the rates under Rider IS will not be known until a compliance filing

New delivery rates and the other new rider charges adopted under the settlement are below for select customer classes:

 TNMP Distribution Rates Prior New Residential Customer Charge per month $1.13 $1.70 Meter Charge per month $6.72 $5.86 Distribution System Charge per kWh $0.025670 $0.046020 Secondary <= 5 kW Customer Charge per month $0.74 $1.75 Meter Charge per month $7.62 $6.40 Distribution System Charge per kWh $0.042580 $0.002980 Rider HCRF New Residential $0.000882 / kWh Secondary <= 5 KW $0.000591 / kWh Secondary > 5 KW $0.191909 / Actual kW Primary $0.153443 / Actual kW Primary Substation $0.002623 / Actual kW Transmission $0.000026 / Actual kW Lighting $0.000913 / kWh Rider RCE New Residential $0.000180 / kWh Secondary <= 5 KW $0.000114 / kWh Secondary > 5 KW $0.034147 / Actual kW Primary $0.025194 / Actual kW Primary Substation $0.023369 / Actual kW Transmission $0.006808 / Actual kW Lighting $0.000439 / kWh 

Under the approved stipulation, the new delivery rates are to be effective for electricity bills rendered on and after 45 days from the date of the PUC order approving the rates.

The settlement also updates various Discretionary Service Charges, with decreases for certain services for standard meters, and increases for other services, including for new standard meters, and for standard meters at premium locations. Select proposed changes are noted below (some DSCs which are not being changed are also listed due to interest in there being no change):

TNMP Discretionary Service Charges

 (charges are for existing standard meter, 
non-premium location unless otherwise noted)

                          Prior      New

Move-In 
  Existing Standard Meter  1.50      1.00

Move-In 
   New Standard Meter     36.00     54.00


Disconnection For Non-Payment (DNP)
Disconnection at Meter     1.50      1.50

Disconnection at 
  Premium Location       104.00    163.00


Reconnection After DNP
Reconnection at Meter      1.50      1.50

Reconnection at Premium Location
  Standard Reconnect     101.00    145.00
  Same Day Reconnect     236.00    353.00
  Weekend                236.00    353.00
  Holiday                340.00    515.00


Meter Reading for the Purpose of 
       a Self-Selected Switch
                           0.40      0 10

Docket 58964