PNM Resources

Albuquerque Regional Economic Alliance Achieves Premier Status as an Accredited Economic Development Organization

Retrieved on: 
Thursday, March 21, 2024
Professional, Documentation, Trust, Accreditation, Edos, Economic development, Community college, AEDO, PNM Resources, Central New Mexico, Management

The AEDO program is a comprehensive peer review process that measures economic development organizations against commonly held standards in the profession and recognizes the professional excellence of economic development organizations (EDOs).

Key Points: 
  • The AEDO program is a comprehensive peer review process that measures economic development organizations against commonly held standards in the profession and recognizes the professional excellence of economic development organizations (EDOs).
  • Each phase is designed to evaluate information about the structure, organization, funding, programs, and staff of the candidate economic development organization.
  • Receiving this status demonstrates unequivocally that AREA is a top tier organization.
  • “Leading an organization where national accreditation is critical, I know that this was a huge undertaking for AREA.

PNM Resources to Announce 2024 First Quarter Earnings on April 30

Retrieved on: 
Thursday, April 4, 2024
Electricity, Telephone, PNM Resources, PNM

ALBUQUERQUE, N.M., April 4, 2024 /PRNewswire/ -- PNM Resources will announce first quarter 2024 financial results prior to the market opening on Tuesday, April 30, 2024.

Key Points: 
  • ALBUQUERQUE, N.M., April 4, 2024 /PRNewswire/ -- PNM Resources will announce first quarter 2024 financial results prior to the market opening on Tuesday, April 30, 2024.
  • The press release and accompanying presentation materials for the conference call will be posted on the company website at www.PNMResources.com .
  • PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2023 consolidated operating revenues of $1.9 billion.
  • Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to more than 800,000 homes and businesses in New Mexico and Texas.

PNM Resources Management to Meet with Investors

Retrieved on: 
Wednesday, March 20, 2024
PNM, Form, News, Security (finance), Risk, PNM Resources, GAAP, Multimedia

ALBUQUERQUE, N.M., March 20, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) management will meet with analysts and investors this week at the Siebert Williams Shank conference in Las Vegas.

Key Points: 
  • PNMR, PNM, and TNMP assume no obligation to update this information.
  • Because actual results may differ materially from those expressed or implied by these forward-looking statements, PNMR, PNM, and TNMP caution readers not to place undue reliance on these statements.
  • While the Company believes these financial measures are appropriate and useful for investors, they are not measures presented in accordance with GAAP.
  • The Company uses ongoing earnings guidance to provide investors with management's expectations of ongoing financial performance over the period presented.

ICYMI: Avangrid CEO Pedro Azagra Guest on CNBC’s “Squawk Box” to Discuss JUST 100 Ranking

Retrieved on: 
Wednesday, February 7, 2024
Alternative Energy, Energy, Utilities, Oil, Gas, Well, Interview, Wind, Government, AGR, Capital, Azagra, Responsibility, Investment, Professional, Federation, PNM, PNM Resources, Pleasure, Woman, Renewable energy

Joining us right now is Pedro Azagra, the CEO.

Key Points: 
  • Joining us right now is Pedro Azagra, the CEO.
  • We were 224 in the list a few years ago, now we are number 12 and also we are the number one utility.
  • Pedro Azagra: As you know, there are many ways of helping renewables development and in different countries there are different approaches.
  • We actually put more than nine billion with both renewables and networks off additional investments for the years to come.

Avangrid Statement on PNM Resources, Inc. Merger

Retrieved on: 
Tuesday, January 2, 2024
Other Energy, Environment, Oil, Gas, Sustainability, Alternative Energy, Energy, Navajo Nation, PNM, Partnership, Vineyard Wind, Wind, CLCPA, Inflation, S.A, Public expenditure, AGR, Risk, Adjustment, Letter, Corporation, PNM Resources, EPS, Renewable energy

AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, issued the following statement today on the previously announced merger agreement with PNM Resources, Inc. (PNM).

Key Points: 
  • AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, issued the following statement today on the previously announced merger agreement with PNM Resources, Inc. (PNM).
  • Avangrid and PNM had obtained all the necessary regulatory approvals for the closing of the merger by the end of 2022 except the approval of the New Mexico Public Regulation Commission.
  • Avangrid has terminated the merger agreement because all final regulatory approvals were not received by December 31, 2023, the end date under the merger agreement after which either Avangrid or PNM could terminate the merger agreement if the merger had not yet been consummated.
  • Avangrid intends to continue to focus on its robust growth opportunities, with over $9 billion in incremental capital projects organically secured during the pendency of the merger.

AEP SIGNS AGREEMENT TO SELL NEW MEXICO SOLAR ASSETS

Retrieved on: 
Tuesday, December 26, 2023
American Electric Power, Hart–Scott–Rodino Antitrust Improvements Act, Regulation, Federal Energy Regulatory Commission, Mercury, Failure, Multimedia, Pandemic, Sale, Register, Soot, Investment, Terrorism, Wildfire, Electricity, Legislation, Particulates, ERCOT, NMRD, KeyBank, Insurance, Weather, Coal, PJM, SPP, PNM Resources, Carbon, Transport, Foley & Lardner, Nitrogen, AEP, Natural gas, Renewable energy

COLUMBUS, Ohio, Dec. 26, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has entered into an agreement to sell its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC (Exus).

Key Points: 
  • COLUMBUS, Ohio, Dec. 26, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has entered into an agreement to sell its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC (Exus).
  • AEP and PNM Resources, which also owns 50% of NMRD, plan to sell the portfolio of 15 solar projects totaling 625 megawatts (MW) to Exus for approximately $230 million subject to true-up adjustments at close.
  • The sale is expected to close in February 2024 and will not have a material impact on financial results.
  • AEP is investing $43 billion over the next five years to make the electric grid cleaner and more reliable.

PNM Resources to Announce 2023 Third Quarter Earnings on October 27

Retrieved on: 
Friday, October 6, 2023
PNM, Telephone, NYSE, PNM Resources, Electricity, Online shopping

ALBUQUERQUE, N.M., Oct. 6, 2023 /PRNewswire/ -- PNM Resources will announce third quarter 2023 financial results prior to the market opening on Friday, October 27, 2023.

Key Points: 
  • ALBUQUERQUE, N.M., Oct. 6, 2023 /PRNewswire/ -- PNM Resources will announce third quarter 2023 financial results prior to the market opening on Friday, October 27, 2023.
  • The press release and accompanying presentation materials for the conference call will be posted on the company website at www.PNMResources.com .
  • PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2022 consolidated operating revenues of $2.2 billion.
  • Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to more than 800,000 homes and businesses in New Mexico and Texas.

PNM and parties reach unanimous settlement agreement for customer rate credits to resolve remaining steps of San Juan coal plant retirement

Retrieved on: 
Friday, August 18, 2023
WRA, PNM Resources, Climate Change and Energy Transition Act, Coalition, Electricity, PNM, NYSE, Coal, Retirement, Central Illinois Public Service Company, NEE, Supreme court, CCAE, Court, NM, Environment, New Mexico Public Regulation Commission, Renewable energy

ALBUQUERQUE, N.M., Aug. 18, 2023 /PRNewswire/ -- Public Service Company of New Mexico (PNM), wholly-owned subsidiary of PNM Resources, Inc. (NYSE: PNM), reached a unanimous agreement with the parties in New Mexico Public Regulation Commission (NMPRC) and New Mexico Supreme Court (Court) filings resolving all remaining steps involved in the retirement of the San Juan coal plant under the Energy Transition Act. These steps include bill credits issued to customers and the issuance of lower-cost securitization bonds to fund the energy transition.

Key Points: 
  • These steps include bill credits issued to customers and the issuance of lower-cost securitization bonds to fund the energy transition.
  • "We have been working towards this transition for many years and appreciate the collaborative effort from parties to reach a unanimous settlement to complete the final steps for San Juan," said Pat Vincent-Collawn, CEO of PNM.
  • Under the terms of the agreement, $115 million in rate credits will be provided to customers over a one-year period.
  • PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2022 consolidated operating revenues of $2.2 billion.

PNM Resources to Announce 2023 Second Quarter Earnings on August 4

Retrieved on: 
Monday, July 10, 2023
Telephone, Electricity, PNM Resources, PNM, NYSE, Cryptocurrency

ALBUQUERQUE, N.M., July 10, 2023 /PRNewswire/ -- PNM Resources will announce second quarter 2023 financial results prior to the market opening on Friday, August 4, 2023.

Key Points: 
  • ALBUQUERQUE, N.M., July 10, 2023 /PRNewswire/ -- PNM Resources will announce second quarter 2023 financial results prior to the market opening on Friday, August 4, 2023.
  • The press release and accompanying presentation materials for the conference call will be posted on the company website at www.PNMResources.com .
  • PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2022 consolidated operating revenues of $2.2 billion.
  • Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to more than 800,000 homes and businesses in New Mexico and Texas.

AVANGRID: New Mexico Supreme Court Denies Motion to Dismiss and Remand Merger Appeal, Schedules Oral Argument

Retrieved on: 
Monday, May 15, 2023
Alternative Energy, Energy, Utilities, Oil, Gas, New Mexico Public Regulation Commission, Court, PNM Resources, AGR, New Mexico Supreme Court, PNM, NYSE, Tobacco

Today Avangrid, Inc. (NYSE: AGR) announced that the New Mexico Supreme Court issued a decision today to deny a joint motion filed by PNM Resources (NYSE: PNM), AVANGRID and the New Mexico Public Regulation Commission (NMPRC) to dismiss the appeal of NMPRC’s denial of the proposed Avangrid - PNM merger and remand the case back to the NMPRC.

Key Points: 
  • Today Avangrid, Inc. (NYSE: AGR) announced that the New Mexico Supreme Court issued a decision today to deny a joint motion filed by PNM Resources (NYSE: PNM), AVANGRID and the New Mexico Public Regulation Commission (NMPRC) to dismiss the appeal of NMPRC’s denial of the proposed Avangrid - PNM merger and remand the case back to the NMPRC.
  • The court also denied the other motions by intervening parties.
  • The Court has scheduled oral arguments on the appeal for September 12, 2023.