PNM: Modernization, energy transition at heart of rate hike request [Yahoo! Finance]
The AES Corporation (AES)
Last the aes corporation earnings: 2/28 06:00 am
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Source: Yahoo! Finance
average household bill by more than $23 over a two-year period starting in 2025 — is based on its efforts to decarbonize the energy it provides to big chunks of the state. That means the increased revenue will flow to a variety of places — from a new solar and battery storage park in Valencia County, to the company's efforts to exit from a coal plant in the Four Corners, to upgraded transmission lines throughout Northern New Mexico. PNM officials do not deny satisfying investors is a factor as well, but note infrastructure investments will be critical for the future of both the company and its customers. It's the largest rate increase request in the company's history. The majority of the $174 million in increased revenue would fund upgrading and replacing energy transmission and distribution as well as new "battery storage capacity." Battery storage projects currently use large amounts of lithium-ion batteries to store electricity for up to four hours. Such systems are necessa
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AES
News
- AES Announces Second Quarter 2024 Financial Review Conference Call to be Held on Friday, August 2, 2024 at 10:00 a.m. ETPR Newswire
- AES Rides on Renewable Expansion, Declining Wholesale Prices Ail [Yahoo! Finance]Yahoo! Finance
- Do Options Traders Know Something About AES Corp (AES) Stock We Don't? [Yahoo! Finance]Yahoo! Finance
- AES Partners with AI Fund to Accelerate AI-Driven Energy Solutions [Yahoo! Finance]Yahoo! Finance
- AES Partners with AI Fund to Accelerate AI-Driven Energy SolutionsPR Newswire
AES
Earnings
- 5/2/24 - Beat
AES
Sec Filings
- 6/27/24 - Form 11-K
- 6/27/24 - Form 11-K
- 6/7/24 - Form 4
- AES's page on the SEC website