PNM rate case settlement period extension requested

Albuquerque, N.M. (March 17, 2017) /PRNewswire/ — PNM Resources’ (NYSE: PNM) New Mexico utility, Public Service Co. of New Mexico (PNM) and other parties today requested that the New Mexico Public Regulation Commission grant an extension of the settlement period for PNM’s current rate filing.  If approved, this extension would move the deadline for filing any potential settlement to April 27, 2017.  Settlement discussions with parties to the rate case are ongoing.

Additionally, PNM’s Integrated Resource Plan (IRP) process is continuing.  Prior to the IRP’s July 3, 2017 filing, a public process occurs that enables parties to consider the assumptions made in the resource portfolio modeling. Although no final decision has been made, a preliminary analysis indicates that retiring the remaining two units of San Juan Generating Station in 2022 could provide long-term benefits to customers.

The company expects to provide an update on both the rate case and the IRP during its first quarter earnings call which is currently planned for April 28, 2017.

Source: PNM Resources