TXNM Energy Secures $200 Million Distribution Deal

TXNM Energy, Inc. has signed a $200 million distribution deal. The company provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas through its regulated utilities, Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). PNM serves nearly 550,000 New Mexico customers, while TNMP provides transmission and distribution services in Texas. The deal will help expand the company's reach and revenue.