PNM and AVANGRID File Additional Customer Benefits and Customer Safeguards in Merger Application
filed documents in the merger application of its parent company, PNM Resources, Inc. (NYSE: PNM), with AVANGRID.
- filed documents in the merger application of its parent company, PNM Resources, Inc. (NYSE: PNM), with AVANGRID.
- In the filings, PNM and AVANGRID detailed new commitments and agreements with parties to increase customer rate benefits, economic development benefits, and safeguards to ensure continued customer reliability and customer service.
- Customer Rate Benefits: Customer rate benefits have been negotiated among the parties since the merger was filed.
- PNM has also agreed to not file for a change to its base rates or for any new tariffs before June 1, 2022.