TEXAS NEW MEXICO POWER CO - Certain subsidiaries of TXNMEXHIBIT 21
Subsidiaries of TXNM Energy, Inc.
As of December 31, 2024, TXNM Energy, Inc. directly or indirectly owns all of the voting securities of the following subsidiaries:
Public Service Company of New Mexico, a New Mexico corporation that does business under the names “Public Service Company of New Mexico” and “PNM”.
PNM Energy Transition Bond Company I, LLC, a New Mexico corporation that does business under the name "ETBC I" (a wholly-owned subsidiary of PNM)
Texas-New Mexico Power Company, a Texas corporation that does business under the name “Texas-New Mexico Power Company” and “TNMP”.
TNP Enterprises, Inc., a Texas corporation that does business under its corporate name.
The remaining subsidiaries of TXNM Energy, Inc. considered in the aggregate as a single subsidiary, do not constitute a "significant subsidiary" (as defined in Rule 1-02(w) of Regulation S-X) as of the end of the year covered by this report.