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Stock Market & Financial Investment News

News Breaks
January 3, 2013
18:32 EDTPNMPNM Resources receives FERC approval for transmission rate case settlement
PNM Resources' New Mexico utility, PNM, yesterday received approval from the Federal Energy Regulatory Commission for an unopposed transmission rate case settlement that was filed July 3, 2012. The $2.9M rate increase does not impact retail rates for New Mexico residential or business customers. PNM originally filed for a transmission rate increase in October 2010. As permitted by FERC rules, in June 2011 PNM began billing at the higher rates associated with the original filing subject to refund. The agreement is a "black-box settlement," meaning the parties agreed to a specific revenue number but no specific return on equity. The settlement parties also agreed not to oppose the concept of a formula-based transmission rate filing. The company made that formula-based transmission rate filing on Monday, Dec. 31, 2012.
News For PNM From The Last 14 Days
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August 21, 2014
10:14 EDTPNMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AllianceBernstein (AB) initiated with a Hold at Jefferies... Federated Investors (FII) initiated with a Buy at Jefferies... Heritage-Crystal Clean (HCCI) initiated with a Hold at Stifel... MDC Partners (MDCA) initiated with an Outperform at FBR Capital... MeetMe (MEET) initiated with an Outperform at JMP Securities... PNM Resources (PNM) initiated with a Hold at KeyBanc... Perficient (PRFT) initiated with a Buy at Maxim... Summit Hotel Properties (INN) initiated with an Outperform at JMP Securities... Tesla (TSLA) initiated with an Outperform at CLSA... Tyler Technologies (TYL) initiated with a Buy at Maxim... US Ecology (ECOL) initiated with a Buy at Stifel... Vertex Energy (VTNR) initiated with a Buy at Stifel.
05:52 EDTPNMPNM Resources initiated with a Hold at KeyBanc
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August 12, 2014
07:32 EDTPNMPNM Resources to reaffirm FY14 consolidated ongoing EPS view $1.44-$1.51
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August 11, 2014
09:26 EDTPNMPNM Resources management to meet with SunTrust
Meeting to be held in Minneapolis on August 13 hosted by SunTrust.

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