Wednesday | SNL Financial
Absence of carbon legislation weighs on power sector
“Then vendors and [original equipment manufacturers] ...would very quickly go from building one at a time in their back lot to plenty at a time, and achieve some economies of scale”
The lack of certainty surrounding what carbon legislation in the United States will look like and when it will be passed will continue to delay the development of advanced clean coal technologies and the ... via SNL Financial
Monday May 12 | New Mexico Business Weekly
PNM to hold energy fair in South Valley
Public Service Co. of New Mexico will hold a free energy fair in the South Valley on May 17. via New Mexico Business Weekly
Saturday May 10 | Jacksonville Business Journal
Wachovia separates chairman, CEO roles
“In companies where the shareholders have lost some confidence, that is one of the go-to strategies for change”
PNM Resources re-markets long-term debt [Albuquerque] Wachovia Corp. has separated the roles of chairman and CEO, naming company board member Lanty Smith as chairman, a role previously held by CEO Ken Thompson. via Jacksonville Business Journal
Thursday May 8 | SNL Financial
PNM Resources posts net first-quarter loss
“We expected reduced availability at our base load facilities, particularly San Juan Generating Station, where we continued the installation of environmental and plant upgrades, and the Four Corners Plant, where a major overhaul was started”
Consolidated ongoing earnings were $3.5 million , or 5 cents per diluted share, compared to $29.8 million , or 38 cents per diluted share, in the year-ago period. via SNL Financial
Tuesday May 6 | Earth Times
PNM Resources Announces Remarketing and Offering of Senior Notes and...
PNM Resources 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 . PNM Resources ... via Earth Times
Monday May 5 | Platts
PNM reaches deals for its share of Palo Verde-3 output
A spokesman for PNM Resources declined to identify the buyers. The company said the agreements are the latest step in executing PNM's strategy of separating its merchant activities from its regulated ... via Platts
Saturday May 3 | New Mexico Business Weekly
PNM sponsors solar car races for American Indian children
American Indian fifth-graders will race solar-powered cars that they designed at the Explora museum in Albuquerque on May 2. Public Service Co. via New Mexico Business Weekly
Thursday May 1 | New Mexico Business Weekly
PNM achieves $400 million in short-term credit commitments
“We are in a strong position to go back to our original long-term debt financing plans and access the capital markets as needed.”
Public Service Co. of New Mexico has reached binding commitments with financial institutions for a total of $400 million in short-term credit. via New Mexico Business Weekly
Tuesday Apr 29 | Four Corners Business Journal
Economic development group agrees to triple support for airline
“If we lose PNM, we lose a viable supporter of our community.”
San Juan Economic Development Service, or SJEDS, decided Thursday to put its advocacy - and $5,000 - toward an airline partnership agreement, along with assisting PNM in its effort to recoup more money. via Four Corners Business Journal
Sunday Apr 27 | New Mexico Business Weekly
Moody's lowered PNM Resources' senior unsecured rating from Baa3 to Ba2 and its short-term rating from P-3 to NP. via New Mexico Business Weekly







