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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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January 30, 2015
08:55 EDTPNMPinnacle West not interested in selling despite approaches, The Deal says
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January 23, 2015
10:02 EDTPNMOn the Fly: Analyst Downgrade Summary
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05:47 EDTPNMPNM Resources downgraded to Hold from Buy at Jefferies
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