07:28 AM EDT, 06/30/2025 (MT Newswires) -- TXNM Energy ( TXNM ) said Monday the New Mexico Public Regulation Commission has approved an unopposed stipulation filed by its uit PNM as part of its 2028 Resource Application.

The approved resources will add 450 megawatts of new solar and battery storage capacity in 2028, including a 167MW extension of a power purchase agreement through 2039, 300MW from two stand-alone battery storage facilities and a 150MW solar-plus-storage facility.

PNM said it will invest $252 million between 2026 and 2028 to develop and operate the solar-plus-storage project, which will be located in the Central Consolidated School District.