TXNM Energy Discloses NMPRC Hearing Examiners For Troy Merger Application Published A Revised Procedural Schedule; Evidentiary Hearings Scheduled For January 19-February 1, 2027

Consummation of the Merger remains subject to the satisfaction or waiver of certain customary conditions, including, without limitation, no Legal Restraint (as defined in the Merger Agreement), and the receipt of certain required regulatory approvals (including the NMPRC). TXNM continues to anticipate the Merger closing in the first half of 2027 however, TXNM cannot predict the outcome of this matter.