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PNM Files Exceptions to Electric Rate Case Recommended Decision

Posted on: Wednesday, 19 March 2008, 18:00 CDT

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 available at www.pnmresources.com/investors/regulatory.cfm.

Background

PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2007 consolidated operating revenues from continuing and discontinued operations of $2.4 billion

. Through its utility and energy subsidiaries, PNM Resources serves electricity to approximately 835,000 homes and businesses in New Mexico and Texas and natural gas to nearly 492,000 customers in New Mexico. Its utility subsidiaries are PNM and Texas-New Mexico Power. Another subsidiary is First Choice Power, a deregulated competitive retail electric provider in Texas. With generation resources of more than 2,650 megawatts, PNM Resources and its subsidiaries market power throughout the Southwest, Texas and the West. In addition, the company has a 50-percent ownership of EnergyCo, which owns approximately 920 megawatts of generation. For more information, visit www.PNMResources.com.

Source: Business Wire

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