<p>, /PRNewswire/ -- 德克萨斯州 - 新墨西哥电力公司（TNMP），TXNM Energy（纽约证券交易所代码：TXNM）的德克萨斯州公用事业子公司，与黑石基础设施达成了一致的和解协议，涉及其向德克萨斯州公共事业委员会（PUCT）提交的申请，以便黑石基础设施收购 TXNM Energy 的所有普通股。该和解协议需经 PUCT 批准。</p>
<p><img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2464779/TXNM_Energy_Logo.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2464779/TXNM_Energy_Logo.jpg"/></p>
<p>和解协议的条款包括：</p>
<ul>
<li>直接的客户财务利益：作为收购的一部分，TNMP 将向客户提供 4550 万美元的费率信用，分 48 个月支付，直至交易完成。这一承诺强调了 TNMP 对为其服务的社区提供可衡量价值的决心。</li>
<li>强有力的治理和地方监督：TNMP 将维持一个七人董事会，包括三名无利益冲突的董事以及 TNMP 的总裁兼首席执行官。董事会将对股息政策、资本支出和高管任命等关键决策拥有权力，确保决策符合 TNMP 及其客户的最佳利益。</li>
<li>股息支付将受到严格的信用评级和财务健康要求的限制，董事薪酬将与 TNMP 以外的任何实体的业绩和目标无关。</li>
<li>财务保护和隔离：TNMP 将维持强有力的财务保障，包括不承担与收购相关的债务、限制股息支付和限制公司间的财务安排。</li>
<li>地方控制和员工保护：TNMP 的总部将继续留在德克萨斯州的服务区域内，日常运营将继续由 TNMP 的管理团队负责。在交易完成后的至少三年内，TNMP 将不实施强制性裁员或降低工资和福利，除非出于原因或业绩，并将遵守现有的劳动协议。</li>
<li>客户和监管保护：TNMP 将不寻求在客户费率中回收与交易相关的商誉或收购成本。此外，TNMP 将继续在 PUCT 的管辖下运营，并遵守所有附属标准和行为规范。</li>
<li>对德克萨斯州社区的承诺：TNMP 将维持其当前的五年资本支出计划，直到 2029 年，确保对德克萨斯州客户的基础设施和可靠性持续投资。</li>
</ul>
<p>和解协议的各方包括德克萨斯州公共事业委员会工作人员、德克萨斯州工业能源消费者、公共事业顾问办公室、TNMP 服务的城市、沃尔玛公司和德克萨斯州能源营销协会。Valero Refining-Texas L.P. 不反对该和解协议。</p>
<p>该和解协议需经 PUCT 批准。原定于 2025 年 12 月 15 日开始的 PUCT 听证会已被取消。有关申请的文件和其他材料可在 www.txnmenergy.com/investors/rates-and-filings/tnmp-puct-filings.aspx 获取。</p>
<p><strong>背景：</strong></p>
<p>TXNM Energy（纽约证券交易所代码：TXNM）是一家总部位于新墨西哥州阿尔伯克基的能源控股公司，通过其受监管的公用事业公司 TNMP 和 PNM，为德克萨斯州和新墨西哥州的 80 多万户家庭和企业提供能源。有关更多信息，请访问公司网站 www.TXNMEnergy.com。</p>
<table>
<thead>
<tr>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>联系人：</strong></td>
<td></td>
</tr>
<tr>
<td><strong>分析师</strong></td>
<td><strong>媒体</strong></td>
</tr>
<tr>
<td>Lisa Goodman</td>
<td>企业传播</td>
</tr>
<tr>
<td>(505) 241-2160</td>
<td>(505) 241-2743</td>
</tr>
</tbody>
</table>
<p><strong>1995 年私人证券诉讼改革法案下的安全港声明</strong> 本新闻稿中与未来事件或预期、预测、估计、意图、目标、指标和战略相关的声明是根据 1995 年私人证券诉讼改革法案作出的。这些前瞻性声明通常包括关于 TXNM Energy 与黑石基础设施之间潜在交易的声明，包括关于完成潜在交易的预期时间表、完成潜在交易的能力、潜在交易的预期收益、预测的财务信息、未来机会以及关于 TXNM Energy 和黑石基础设施未来预期、信念、计划、目标、经营结果、财务状况和现金流或未来事件或表现的其他声明。读者应注意，所有前瞻性声明均基于当前的预期和估计。黑石基础设施和 TXNM Energy 均不承担更新此信息的义务。由于实际结果可能与这些前瞻性声明所表达或暗示的结果有重大差异，TXNM Energy 提醒读者不要对这些声明过度依赖。TXNM Energy 的业务、财务状况、现金流和经营结果受到许多因素的影响，这些因素通常超出其控制范围，可能导致实际结果与前瞻性声明所表达或暗示的结果不同。有关风险因素和其他影响前瞻性声明的重要因素的讨论，请参见 TXNM Energy 的 10-K 表格和 10-Q 表格的文件，以及在证券交易委员会（&#34;SEC&#34;）提交的 TXNM Energy 的 8-K 表格中的信息，这些因素在此特别引用，并涉及与黑石基础设施拟议交易相关的风险和不确定性，包括但不限于：待决交易的预期时间和完成的可能性，包括任何所需政府和监管批准的时间、接收及条款和条件，这些可能减少预期收益或导致各方放弃交易的情况，可能导致交易协议终止的任何事件、变化或其他情况的发生，包括在需要公司支付终止费的情况下，TXNM Energy 的股东可能不批准交易协议的可能性，各方可能无法及时或根本无法满足拟议交易条件的风险，可能对 TXNM Energy 及其董事和其他与拟议交易相关的人员提起的法律诉讼的结果，因拟议交易而导致的管理时间被现有业务运营干扰的风险，拟议交易及其公告可能对 TXNM Energy 保留和招聘关键人员以及维持与客户和供应商关系的能力产生不利影响的风险，以及对其经营结果和业务的普遍影响，拟议交易所产生的费用、费用、收费或支出的金额，以及在拟议交易待决期间 TXNM Energy 普通股价格可能波动的风险，如果拟议交易未能完成，价格可能显著下降。其他未在本沟通中讨论的不可预测或未知因素也可能对前瞻性声明产生重大不利影响。读者应注意，不要对仅在本声明日期有效的前瞻性声明过度依赖。</p>
<p>来源：TXNM Energy, Inc.</p>

黑石集团

TXNM

<p>德克萨斯 - 新墨西哥电力公司（TNMP），TXNM Energy 的子公司，与黑石集团达成了一项和解协议，黑石集团将收购 TXNM Energy 的未偿还股票。该和解协议需获得德克萨斯州公共事业委员会的批准，包括为客户提供 4550 万美元的费率抵免、治理和财务保护，以及对地方控制和劳动力保护的承诺。此次收购旨在为社区创造价值并维持基础设施投资。该和解涉及多个方，并等待监管批准</p>

<p>, /PRNewswire/ -- Texas-New Mexico Power Company (TNMP), the Texas utility subsidiary of TXNM Energy (NYSE: TXNM), together with Blackstone Infrastructure have reached a unanimous settlement with parties in its filed application with the Public Utility Commission of Texas (PUCT) for Blackstone Infrastructure to acquire the outstanding common stock of TXNM Energy. The settlement is subject to approval by the PUCT.</p>
<div class="lb-trans"><p>, /PRNewswire/ -- 德克萨斯州 - 新墨西哥电力公司（TNMP），TXNM Energy（纽约证券交易所代码：TXNM）的德克萨斯州公用事业子公司，与黑石基础设施达成了一致的和解协议，涉及其向德克萨斯州公共事业委员会（PUCT）提交的申请，以便黑石基础设施收购 TXNM Energy 的所有普通股。该和解协议需经 PUCT 批准。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2464779/TXNM_Energy_Logo.jpg" alt="" original-src="https://mma.prnewswire.com/media/2464779/TXNM_Energy_Logo.jpg"/></p>
<p>Terms of the settlement include:</p>
<div class="lb-trans"><p>和解协议的条款包括：</p>
</div><ul>
<li>Direct Financial Benefit to Customers: As part of the acquisition, TNMP will provide a $45.5 million rate credit to customers, distributed over 48 months following the transaction's closing. This commitment underscores TNMP's dedication to delivering measurable value to the communities it serves.</li>
<li>Strong Governance and Local Oversight: TNMP will maintain a seven-member Board of Directors, including three disinterested directors and TNMP's President and CEO. The Board will have authority over key decisions such as dividend policy, capital expenditures, and officer appointments, ensuring decisions are made in the best interest of TNMP and its customers.</li>
<li>Dividend payments will be subject to strict credit rating and financial health requirements, and director compensation will remain independent of the performance and goals of any entity other than TNMP.</li>
<li>Financial Protections and Ring-Fencing: TNMP will maintain robust financial safeguards, including no acquisition-related debt, restrictions on dividend payments and restrictions on intercompany financial arrangements.</li>
<li>Local Control and Workforce Protections: TNMP's headquarters will remain in Texas within its service territory, and day-to-day operations will continue under TNMP's management team. For at least three years post-closing, TNMP will not implement involuntary workforce reductions or reduce wages or benefits, except for cause or performance, and will honor existing labor agreements.</li>
<li>Customer and Regulatory Protections: TNMP will not seek recovery of transaction-related goodwill or acquisition costs in customer rates. Additionally, TNMP will continue to operate under the jurisdiction of the PUCT and comply with all affiliate standards and codes of conduct.</li>
<li>Commitment to Texas Communities: TNMP will maintain its current five-year capital spending plan through 2029, ensuring continued investment in infrastructure and reliability for Texas customers.</li>
</ul>
<div class="lb-trans"><ul>
<li>直接的客户财务利益：作为收购的一部分，TNMP 将向客户提供 4550 万美元的费率信用，分 48 个月支付，直至交易完成。这一承诺强调了 TNMP 对为其服务的社区提供可衡量价值的决心。</li>
<li>强有力的治理和地方监督：TNMP 将维持一个七人董事会，包括三名无利益冲突的董事以及 TNMP 的总裁兼首席执行官。董事会将对股息政策、资本支出和高管任命等关键决策拥有权力，确保决策符合 TNMP 及其客户的最佳利益。</li>
<li>股息支付将受到严格的信用评级和财务健康要求的限制，董事薪酬将与 TNMP 以外的任何实体的业绩和目标无关。</li>
<li>财务保护和隔离：TNMP 将维持强有力的财务保障，包括不承担与收购相关的债务、限制股息支付和限制公司间的财务安排。</li>
<li>地方控制和员工保护：TNMP 的总部将继续留在德克萨斯州的服务区域内，日常运营将继续由 TNMP 的管理团队负责。在交易完成后的至少三年内，TNMP 将不实施强制性裁员或降低工资和福利，除非出于原因或业绩，并将遵守现有的劳动协议。</li>
<li>客户和监管保护：TNMP 将不寻求在客户费率中回收与交易相关的商誉或收购成本。此外，TNMP 将继续在 PUCT 的管辖下运营，并遵守所有附属标准和行为规范。</li>
<li>对德克萨斯州社区的承诺：TNMP 将维持其当前的五年资本支出计划，直到 2029 年，确保对德克萨斯州客户的基础设施和可靠性持续投资。</li>
</ul>
</div><p>Parties to the settlement include Staff of the Public Utility Commission of Texas, Texas Industrial Energy Consumers, Office of Public Utility Counsel, Cities served by TNMP, Walmart Inc. and Texas Energy Association for Marketers. Valero Refining-Texas L.P. does not oppose the settlement.</p>
<div class="lb-trans"><p>和解协议的各方包括德克萨斯州公共事业委员会工作人员、德克萨斯州工业能源消费者、公共事业顾问办公室、TNMP 服务的城市、沃尔玛公司和德克萨斯州能源营销协会。Valero Refining-Texas L.P. 不反对该和解协议。</p>
</div><p>The settlement is subject to approval by the PUCT. The PUCT hearings scheduled to begin on December 15, 2025, have been canceled. The filing and additional materials pertaining to the application are available at www.txnmenergy.com/investors/rates-and-filings/tnmp-puct-filings.aspx.</p>
<div class="lb-trans"><p>该和解协议需经 PUCT 批准。原定于 2025 年 12 月 15 日开始的 PUCT 听证会已被取消。有关申请的文件和其他材料可在 www.txnmenergy.com/investors/rates-and-filings/tnmp-puct-filings.aspx 获取。</p>
</div><p><strong>Background:</strong></p>
<div class="lb-trans"><p><strong>背景：</strong></p>
</div><p>TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company's website at www.TXNMEnergy.com.</p>
<div class="lb-trans"><p>TXNM Energy（纽约证券交易所代码：TXNM）是一家总部位于新墨西哥州阿尔伯克基的能源控股公司，通过其受监管的公用事业公司 TNMP 和 PNM，为德克萨斯州和新墨西哥州的 80 多万户家庭和企业提供能源。有关更多信息，请访问公司网站 www.TXNMEnergy.com。</p>
</div><table>
<thead>
<tr>
<th></th>
<th></th>
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</thead>
<tbody>
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<td><strong>CONTACTS:</strong></td>
<td></td>
</tr>
<tr>
<td><strong>Analysts</strong></td>
<td><strong>Media</strong></td>
</tr>
<tr>
<td>Lisa Goodman</td>
<td>Corporate Communications</td>
</tr>
<tr>
<td>(505) 241-2160</td>
<td>(505) 241-2743</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>联系人：</strong></td>
<td></td>
</tr>
<tr>
<td><strong>分析师</strong></td>
<td><strong>媒体</strong></td>
</tr>
<tr>
<td>Lisa Goodman</td>
<td>企业传播</td>
</tr>
<tr>
<td>(505) 241-2160</td>
<td>(505) 241-2743</td>
</tr>
</tbody>
</table>
</div><p><strong>Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995</strong> Statements made in this press release that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally include statements regarding the potential transaction between TXNM Energy and Blackstone Infrastructure, including any statements regarding the expected timetable for completing the potential transaction, the ability to complete the potential transaction, the expected benefits of the potential transaction, projected financial information, future opportunities, and any other statements regarding TXNM Energy's and Blackstone Infrastructure's future expectations, beliefs, plans, objectives, results of operations, financial condition and cash flows, or future events or performance. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. Neither Blackstone Infrastructure nor TXNM Energy assumes any obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, TXNM Energy caution readers not to place undue reliance on these statements. TXNM Energy's business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond its control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see TXNM Energy's Form 10-K and Form 10-Q filings and the information filed on TXNM Energy's Forms 8-K with the Securities and Exchange Commission (the &#34;SEC&#34;), which factors are specifically incorporated by reference herein and the risks and uncertainties related to the proposed transaction with Blackstone Infrastructure, including, but not limited to: the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement, including in circumstances requiring the Company to pay a termination fee, the possibility that TXNM Energy's shareholders may not approve the transaction agreement, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, the outcome of legal proceedings that may be instituted against TXNM Energy, its directors and others related to the proposed transaction, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that the proposed transaction and its announcement could have an adverse effect on the ability of TXNM Energy to retain and hire key personnel and maintain relationships with its customers and suppliers, and on its operating results and businesses generally, the amount of costs, fees, charges or expenses resulting from the proposed transaction, and the risk that the price of TXNM Energy's common stock may fluctuate during the pendency of the proposed transaction and may decline significantly if the proposed transaction is not completed. Other unpredictable or unknown factors not discussed in this communication could also have material adverse effects on forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.</p>
<div class="lb-trans"><p><strong>1995 年私人证券诉讼改革法案下的安全港声明</strong> 本新闻稿中与未来事件或预期、预测、估计、意图、目标、指标和战略相关的声明是根据 1995 年私人证券诉讼改革法案作出的。这些前瞻性声明通常包括关于 TXNM Energy 与黑石基础设施之间潜在交易的声明，包括关于完成潜在交易的预期时间表、完成潜在交易的能力、潜在交易的预期收益、预测的财务信息、未来机会以及关于 TXNM Energy 和黑石基础设施未来预期、信念、计划、目标、经营结果、财务状况和现金流或未来事件或表现的其他声明。读者应注意，所有前瞻性声明均基于当前的预期和估计。黑石基础设施和 TXNM Energy 均不承担更新此信息的义务。由于实际结果可能与这些前瞻性声明所表达或暗示的结果有重大差异，TXNM Energy 提醒读者不要对这些声明过度依赖。TXNM Energy 的业务、财务状况、现金流和经营结果受到许多因素的影响，这些因素通常超出其控制范围，可能导致实际结果与前瞻性声明所表达或暗示的结果不同。有关风险因素和其他影响前瞻性声明的重要因素的讨论，请参见 TXNM Energy 的 10-K 表格和 10-Q 表格的文件，以及在证券交易委员会（&#34;SEC&#34;）提交的 TXNM Energy 的 8-K 表格中的信息，这些因素在此特别引用，并涉及与黑石基础设施拟议交易相关的风险和不确定性，包括但不限于：待决交易的预期时间和完成的可能性，包括任何所需政府和监管批准的时间、接收及条款和条件，这些可能减少预期收益或导致各方放弃交易的情况，可能导致交易协议终止的任何事件、变化或其他情况的发生，包括在需要公司支付终止费的情况下，TXNM Energy 的股东可能不批准交易协议的可能性，各方可能无法及时或根本无法满足拟议交易条件的风险，可能对 TXNM Energy 及其董事和其他与拟议交易相关的人员提起的法律诉讼的结果，因拟议交易而导致的管理时间被现有业务运营干扰的风险，拟议交易及其公告可能对 TXNM Energy 保留和招聘关键人员以及维持与客户和供应商关系的能力产生不利影响的风险，以及对其经营结果和业务的普遍影响，拟议交易所产生的费用、费用、收费或支出的金额，以及在拟议交易待决期间 TXNM Energy 普通股价格可能波动的风险，如果拟议交易未能完成，价格可能显著下降。其他未在本沟通中讨论的不可预测或未知因素也可能对前瞻性声明产生重大不利影响。读者应注意，不要对仅在本声明日期有效的前瞻性声明过度依赖。</p>
</div><p>SOURCE TXNM Energy, Inc.</p>
<div class="lb-trans"><p>来源：TXNM Energy, Inc.</p>
</div>

德克萨斯州各方一致达成和解，批准黑石集团基础设施收购 TXNM Energy | TXNM 股票新闻