07:55 AM EDT, 06/14/2024 (MT Newswires) -- PNM Resources ( PNM ) said Friday that its Texas-New Mexico Power unit received approval from the Public Utility Commission of Texas to recover more than $205 million in net distribution infrastructure investments.

Texas-New Mexico Power filed the distribution cost recovery factor application in April and obtained approval for a $15.7 million annual increase, effective July 28, according to PNM Resources ( PNM ).

Shares of PNM Resources ( PNM ) were up 0.1% in recent premarket activity.

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