Exit from Texas competitive businesses complete ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- PNM Resources (NYSE: PNM) today completed the cash sale of its retail electricity provider to Direct Energy for $270 million, plus working capital. "The sale of First Choice Power co...

Also: Company Supports New Challenge of EPA Decision by New Mexico Governor, New Mexico Environment Department ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- PNM yesterday petitioned the U.S. Environmental Protection Agency to reconsider its recent decision to adopt a federal plan in favor of a New ...

ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- The Board of Directors of PNM Resources (NYSE: PNM) today declared the regular quarterly dividends of $0.125 per share on its common stock and $1.25 per share on its convertible preferred Series A stock, of which each share is convertible into 10 shares of common stock. The in...

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$72.1M revenue increase to be effective Aug. 21 ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- PNM Resources' (NYSE: PNM) electric utility, Public Service Co. of New Mexico, and other key parties today filed a response to the N.M. Public Regulation Commission's recent rate order, allowing for a $72.1 ...

ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- Concerned about adding unnecessary cost to one of its lowest-cost sources of power for customers, officials from PNM, the New Mexico electric utility owned by PNM Resources (NYSE: PNM), today said they will appeal a decision by the U.S. Environmental Protection Agency to ...

ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- The N.M. Public Regulation Commission today approved a proposed order that would increase annual base revenues for PNM Resources' (NYSE: PNM) electric utility, Public Service Co. of New Mexico, by $72 million. Because the proposed order modifies terms of an agreement PNM reach...

ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- The Board of Directors of PNM Resources (NYSE: PNM) today declared the regular quarterly dividends of $0.125 per share on its common stock and $1.25 per share on its convertible preferred Series A stock, of which each share is convertible into 10 shares of common stock. The in...

ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- A New Mexico Public Regulation Commission hearing examiner issued a recommended decision today regarding the ongoing electric rate case proposal for PNM, PNM Resources' (NYSE: PNM) New Mexico utility. The hearing examiner has recommended that state regulators approve — w...

2011 ongoing earnings guidance range to be affirmed ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- PNM Resources (NYSE: PNM) management will meet with industry analysts and investors today during the RBC Capital Markets' Global Energy and Power Conference and during additional meetings in the Southwes...