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News
All Releases
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PNM Resources Successfully Remarkets Senior Notes and Prices Offering
May 9, 2008
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ALBUQUERQUE, N.M., May 09, 2008 (BUSINESS WIRE) -- PNM Resources (NYSE: PNM) today announced the successful remarketing of $247,250,000 aggregate principal amount of its Senior Notes, Series A, due 2015, and the establishment of a reset rate of 9.25%. PNM Resources also announced the pricing of its simultaneous offering of an additional $102,750,00...
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Public Service Company of New Mexico Prices Offering of Senior Unsecured Notes
May 9, 2008
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ALBUQUERQUE, N.M., May 09, 2008 (BUSINESS WIRE) -- PNM Resources' (NYSE:PNM) New Mexico utility, PNM, today announced the pricing of its previously announced offering of $350 million aggregate principal amount of 7.95% senior unsecured notes due 2018. The notes will pay interest semi-annually at a rate of 7.95% per year, payable on May 15 and Nov. ...
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PNM Resources Announces Remarketing and Offering of Senior Notes and Public Service Company of New Mexico Offering of Senior Unsecured Notes
May 6, 2008
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ALBUQUERQUE, N.M., May 06, 2008 (BUSINESS WIRE) -- PNM Resources (NYSE:PNM) today announced the commencement of the remarketing of its 4.80% Senior Notes, Series A, initially due 2010, and a simultaneous offering of additional Senior Notes, Series A (together, the "PNMR notes"). PNM Resources expects that $350.0 million aggregate principal amount o...
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PNM Resources Reports 2008 First Quarter Results
May 6, 2008
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ALBUQUERQUE, N.M., May 06, 2008 (BUSINESS WIRE) -- PNM Resources (NYSE: PNM) today reported unaudited 2008 first quarter consolidated GAAP losses of $48.6 million, or $0.63 per diluted share, compared with earnings of $29.7 million, or $0.38 per diluted share, in 2007. GAAP results primarily were driven by planned outages, write-offs associated wit...
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PNM Obtains Commitments for $400 Million Short-Term Credit Facilities, Power from Palo Verde 3 to Be Sold
May 1, 2008
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ALBUQUERQUE, N.M., May 01, 2008 (BUSINESS WIRE) -- PNM Resources (NYSE: PNM) today announced its New Mexico utility, PNM, has entered into separate binding commitments for credit facilities totaling $400 million.
Merrill Lynch & Co., Inc., Morgan Stanley and Wachovia have committed to a 364-day, fully underwritten facility for $300 million that...
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PNM Resources to Host First Quarter Earnings Call May 7
Apr 30, 2008
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(ALBUQUERQUE, N.M.) PNM Resources will discuss 2008 first quarter earnings results during a live conference call and Web cast at 9 a.m. EDT on Wednesday, May 7. Speaking on the call will be Jeff Sterba, PNM Resources chairman, president and CEO, and Chuck Eldred, executive vice president.Investors, analysts and other...
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Regulators Approve Estimated $33 Million Increase for PNM Electric Utility
Apr 24, 2008
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ALBUQUERQUE, N.M., Apr 24, 2008 (BUSINESS WIRE) -- State regulators today approved an increase in revenues of approximately $33 million for PNM Resources' (NYSE: PNM) New Mexico electric utility, PNM.
The N.M. Public Regulation Commission also authorized a return on equity of 10.1 percent. The final order with additional details of the ruling w...
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Schedule Established for PNM Emergency Fuel Clause Request
Apr 16, 2008
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ALBUQUERQUE, N.M., Apr 16, 2008 (BUSINESS WIRE) -- State regulators today established the procedural schedule regarding a request for an emergency fuel clause by PNM Resources' (NYSE: PNM) New Mexico electric utility, PNM. The schedule is as follows:
May 9 N.M. Public Regulation Commission staff and
interve...
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PNM, Local Union File Motion for Emergency Fuel Adjustment Clause
Mar 20, 2008
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ALBUQUERQUE, N.M., Mar 20, 2008 (BUSINESS WIRE) -- PNM Resources' (NYSE: PNM) New Mexico electric utility, PNM, together with the International Brotherhood of Electrical Workers Local 611, today filed a joint motion with state regulators to implement an emergency fuel and purchased power cost adjustment clause, a move designed to allow the company ...
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PNM Files Exceptions to Electric Rate Case Recommended Decision
Mar 19, 2008
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ALBUQUERQUE, N.M., Mar 19, 2008 (BUSINESS WIRE) -- PNM Resources' (NYSE: PNM) New Mexico electric utility, PNM, today filed its response, or exceptions, to the March 6 recommended decision by a N.M. Public Regulation Commission hearing examiner regarding the utility's pending electric rate case. PNM's exceptions and supporting material are availabl...
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PNM Declares Preferred Dividend
Mar 17, 2008
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ALBUQUERQUE, N.M., Mar 17, 2008 (BUSINESS WIRE) -- The Board of Directors of PNM, a subsidiary of PNM Resources (NYSE: PNM), has declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable April 15, 2008, to shareholders of record at the close of busin...
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PNM Resources to Host Investor Conference Call Today to Discuss PNM Rate Case Recommended Decision
Mar 7, 2008
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ALBUQUERQUE, N.M., Mar 07, 2008 (BUSINESS WIRE) -- PNM Resources (NYSE: PNM) will host a conference call at 3:30 p.m. EST today, Friday, March 7, to discuss yesterday's recommended decision regarding the PNM electric rate case. Investors, analysts and other participants can listen to the live conference call by dialing (877) 548-7912 (t...
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PNM Electric Rate Recommended Decision Issued
Mar 6, 2008
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ALBUQUERQUE, N.M., Mar 06, 2008 (BUSINESS WIRE) -- PNM Resources' (NYSE: PNM) New Mexico electric utility, PNM, will receive a $24.2 million rate increase if regulators approve a recommended decision issued late today by a N.M. Public Regulation Commission hearing examiner.
The decision also recommends that commissioners reject a fuel-adjustmen...
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PNM Electric Rate Recommended Decision Delayed
Feb 28, 2008
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ALBUQUERQUE, N.M., Feb 28, 2008 (BUSINESS WIRE) -- PNM Resources (NYSE: PNM) was informed today that the recommended decision by a N.M. Public Regulation Commission hearing examiner regarding the pending PNM electric rate case will be delayed.
Chuck Eldred, PNM Resources executive vice president and CFO, said that although the timing of the dec...
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PNM Resources Board Declares Quarterly Common Stock Dividend
Feb 19, 2008
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ALBUQUERQUE, N.M., Feb 19, 2008 (BUSINESS WIRE) -- The Board of Directors of PNM Resources (NYSE: PNM) today declared the regular quarterly dividend on common stock of $0.23 per share. The indicated annual rate of $0.92 per share is unchanged from the previous quarter. The dividend is payable May 2, 2008, to shareholders of record as of April 9, 20...
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PNM Resources Reports Lower 2007 Earnings
Feb 11, 2008
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ALBUQUERQUE, N.M., Feb 11, 2008 (BUSINESS WIRE) -- PNM Resources (NYSE:PNM) today reported preliminary, unaudited 2007 consolidated ongoing earnings per diluted share of $1.08, compared with $1.78 per diluted share in 2006. The company also reported unaudited 2007 consolidated GAAP earnings per diluted share of $0.98, compared with $1.71 in 2006.
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PNM Resources to Host 2007 Earnings Conference Call
Jan 29, 2008
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ALBUQUERQUE, N.M., Jan 29, 2008 (BUSINESS WIRE) -- PNM Resources (NYSE: PNM) will discuss preliminary, unaudited 2007 earnings results and guidance for 2008 and 2009 during a live conference call and Web cast at 8:30 a.m. EST on Monday, Feb. 11. Earnings results will be released earlier at 6 a.m.
When providing 2007 results, PNM Resources will ...
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PNM Resources and Shell Energy North America Announce Sale-Purchase Agreement of Certain PNM Merchant Contracts
Jan 18, 2008
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ALBUQUERQUE, N.M., Jan 18, 2008 (BUSINESS WIRE) -- PNM Resources' (NYSE: PNM) New Mexico utility, PNM, has agreed to sell certain wholesale power, natural gas and transmission contracts to Shell Energy North America (US), L.P., for $5.8 million, based on an assumed closing on March 31, 2008. The purchase price is subject to adjustment depending on ...
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PNM Resources and Continental Energy Systems Announce Agreements for Utility Asset Sale and Acquisition
Jan 15, 2008
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ALBUQUERQUE, N.M., Jan 15, 2008 (BUSINESS WIRE) -- PNM Resources' (NYSE: PNM) New Mexico utility, PNM, has reached a definitive agreement to sell its natural gas operations to a subsidiary of Continental Energy Systems for $620 million. In a separate transaction that is conditioned upon the sale of the natural gas operations, PNM Resources will acq...
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PNM Resources to Host Investor Conference Call Jan. 15, 2008
Jan 14, 2008
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ALBUQUERQUE, N.M., Jan 14, 2008 (BUSINESS WIRE) -- First graph, first sentence of release should read: PNM Resources (NYSE: PNM) will host a conference call at 9 a.m. EST on Tuesday, Jan. 15, 2008, to discuss potentially material information (sted PNM Resources (NYSE: PNM) will host a conference call at 7 a.m. EST on Tuesday, Jan. 15, 2008, to disc...
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 = add release to Briefcase
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