Stratrix
On the Record · Txnm Energy

Txnm Energy acquisitions, on the record

The businesses Txnm Energy bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
PVNGS Leased Interest (leased capacity in PVNGS Unit 1 and Unit 2, acquired by SRP from the lessors)
Word for word“In January 2023, leased capacity of 104 MW in PVNGS Unit 1 expired and the rights to the capacity were acquired by SRP from the lessors subsequently, reducing PNM’s interest in PVNGS to 7.6 % at December 31, 2023.” 10-K for 2023
agreed divestitureJanuary 2023—
PNM's PVNGS Leased Interest in Unit 2 (rights acquired by SRP)
Word for word“In January 2024, the leased capacity of 10 MW in PVNGS Unit 2 expired and the rights were also acquired by SRP, further reducing PNM’s interest in PVNGS to 7.3 %.” 10-K for 2023
agreed divestitureJanuary 2024—
PNM-owned assets and nuclear fuel associated with the Leased Interest, sold to SRP under the Asset Purchase and Sale Agreement
Word for word“In 2021, PNM and SRP entered into an Asset Purchase and Sale Agreement, pursuant to which PNM agreed to sell to SRP certain PNM-owned assets and nuclear fuel necessary to the ongoing operation and maintenance of leased capacity in PVNGS Unit 1 and Unit 2, which SRP has agreed to acquire from the lessors upon termination of the existing leases.” 10-K for 2023
agreed divestiture——
PNM's 13% ownership interest in Four Corners, sold to NTEC
Word for word“PNM’s pending sale of its 13% ownership interest in Four Corners to NTEC” 10-K for 2023
agreed divestiture——
Four Corners 13% ownership interest sold to NTEC
Word for word“Four Corners Purchase and Sale Agreement PNM’s pending sale of its 13% ownership interest in Four Corners to NTEC” 10-K for 2024
agreed divestiture——
NMRD
Word for word“Sale of NMRD equity method investment $ (15.1) Lower equity method investment income due to sale of NMRD (2.8) Rent income allocated to business units 0.5 Lower charitable contributions 1.9 Other 0.3 Net Change $ (15.2)” 10-K for 2024
divestiture——
PNM's 13% ownership interest in Four Corners Power Plant
Word for word“Four Corners Purchase and Sale Agreement PNM’s pending sale of its 13% ownership interest in Four Corners to NTEC” 10-K for 2025
agreed divestiture——

Deal filings since 2016

Read from Txnm Energy’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.