PNM reports first quarter loss

PNM Resources reports a $48.6 million first quarter loss because of upgrades to its electrical generating stations and outages at the plants.

[Willothewisp]

And so it goes. The state controls the business at some level. The CEO runs the company with no competition and no repercussions for not running this state-regulated business. How many layers are there? Just go back to the same well every time. If it is done incrementally there is no problem with getting everything you want. We're just the taxpayerconsumer.

[Lovely]

Wonderful! Now to make up for the loss, we are going to pay even HIGHER rates! Hang on...let me bend over and pull my pants down....

[CornDog]

Hmmm, so outages were expected. Apparently they wouldn't have occurred had they gotten the extra bucks they wanted from us. What's wrong with this picture?

[WorkingStiff]

Wheres the vaseline when you need it. Now thats gonna hurt.

[Willothewisp]

They have forecasters trained and ready to avoid this type of problem. They look at weather and climate trends, as well as future fuel costs. Did they not utilize the information? Look at their salaries. Love working for a government or government regulated business.

[Charlie]

This will make great PR when trying to attain the higher rates. Poker players aren't this predictable.

[CornDog]

Sounds like a way to make us believe they deserve a rate increase, inept bunch of turds!

[Lou]

and how many millions is Mr Sterba's compensation? I have little sympathy as PNM seeks rate increases while the costs to consumers are exhorbitant! PNM bills to consumers are breaking consumers' budgets!

Reduce these CRAZY compensations to CEOs and management. Greedy.