• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Schedule Established for PNM Emergency Fuel Clause Request

Posted on: Wednesday, 16 April 2008, 18:00 CDT

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 intervenor testimony due

May 14

PNM rebuttal testimony due

May 15

Public hearing

The due date for the PRC's final order regarding PNM's rate case increase remains May 7.

PNM had requested an expedited process for consideration of an emergency fuel clause. However, certain intervenors in the case asked for a 60-day delay in order to review PNM's request and file testimony. In an effort to address the emergency nature of PNM's request and provide intervenors more time, Commissioners delayed the case by a month.

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

More News in this Category