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Stock Market & Financial Investment News

News Breaks
December 31, 2012
19:09 EDTPNMPNM Resources files for transmission formula rate increase
PNM Resources' New Mexico utility, PNM, filed a request with the Federal Energy Regulatory Commission, or FERC, for a $3.2M transmission rate increase and permission to adjust transmission rates annually based on an approved formula. The request will not impact retail rates for New Mexico customers, only wholesale customers who use PNM transmission lines to deliver power. PNM has asked for FERC approval by March 2013. The filing proposes a return on equity of 10.81%, based on a rate base of $317.5M and a revenue requirement of $82.1M. Once approved, an annual adjustment will be made each June to update for the prior year's costs reflected in the latest FERC Form 1 filing.
News For PNM From The Last 14 Days
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March 25, 2015
10:00 EDTPNMOn The Fly: Analyst Upgrade Summary
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06:47 EDTPNMPNM Resources upgraded to Outperform from Neutral at RW Baird
Baird upgraded PNM Resources to Outperform based on relative stock underperformance. Price target is $32.
March 24, 2015
07:40 EDTPNMPNM Resources sees 2016 EPS potential view $1.90-$1.97, consensus $1.85
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07:33 EDTPNMPNM Resources reaffirms FY15 ongoing EPS view $1.50-$1.62, consensus $1.56
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March 23, 2015
07:34 EDTPNMPNM Resources files settlement agreement with FERC over transmission rates
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March 17, 2015
07:45 EDTPNMBarclays to hold a conference
Atlanta Power and Utilities CFO Corporate Day is being held in Atlanta on March 17-18.
07:30 EDTPNMPNM Resources to affirm FY15 ongoing EPS view $1.50-$1.62, consensus $1.56

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