PNM Resources News

“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

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Public Service Co. of New Mexico will hold a free energy fair in the South Valley on May 17. via New Mexico Business Weekly

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“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

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“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

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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

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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

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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

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“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

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“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

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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

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