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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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July 2, 2015
05:17 EDTPNMPNM Resources files key final SJGS agreements with NMPRC
PNM filed with the New Mexico Public Regulation Commission, or NMPRC, key documents needed to implement the company’s plan for San Juan Generating Station, or SJGS. The filing includes the ownership restructuring agreement, coal supply agreement, and the purchase and sale agreement for San Juan Mine between BHP Billiton and Westmoreland Coal Company. Combined, the agreements will reduce the cost to customers by more than $300M over six years, reducing monthly bills for customers by about 5% beginning in 2016. The coal supply agreement for SJGS and the mine purchase and sale agreement are final, fully executed documents. The final ownership restructuring agreement has been executed by PNM, PNMR Development, the City of Farmington and Tucson Electric Power. The six remaining owners are obtaining approval from their respective governing bodies and plan to provide their executed signature pages by August 1, as ordered by the NMPRC.
June 26, 2015
07:30 EDTPNMPNM Resources to affirm FY15 ongoing EPS view $1.50-$1.62, consensus $1.56
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June 24, 2015
15:45 EDTPNMNMPRC grants PNM extension to file final San Juan documents
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June 22, 2015
19:56 EDTPNMUtilities sector dips after EPA warns of 'significant risks' from climate change
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11:21 EDTPNMPNM Resources management to meet with Jefferies
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