PNM Files 2025 Rate Request [Yahoo! Finance]
PNM Resources, Inc. (Holding Co.) (PNM)
Last pnm resources, inc. (holding co.) earnings: 2/28 06:30 am
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Source: Yahoo! Finance
Mexico (PNM), wholly-owned subsidiary of PNM Resources, Inc. (NYSE: PNM), today filed a request for a change in electricity customer rates with the New Mexico Public Regulation Commission (NMPRC) to begin July 1, 2025 The requested change reflects investments in transmission and distribution infrastructure, updated cost of capital and capital structure, battery storage resources previously approved in prior cases, alignment of Four Corners rate base recovery with its expected abandonment date, wildfire mitigation and insurance costs. The request seeks recovery on total rate base of $3.0 billion , an increase of $423 million from PNM's last general rate review, at a 52.5% equity ratio and a 10.45% return on equity. The requested $174.3 million increase in retail revenues is comprised of a $92.2 million increase in non-fuel base rates and an $82.1 million increase in pass-through fuel costs. The filing is based on a future test year with projected costs for the period July 1, 2025 ,
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News
- TXNM Energy (NYSE: TXNM) Completes Name Change from PNM Resources [Yahoo! Finance]Yahoo! Finance
- PNM Resources, Inc. (NYSE: PNM) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- PNM Resources, Inc. (NYSE: PNM) had its price target raised by analysts at Wells Fargo & Company from $41.00 to $46.00. They now have an "overweight" rating on the stock.MarketBeat
- PNM Resources, Inc. (PNM) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- PNM Resources (PNM) Q2 Earnings Top Estimates, Sales Rise Y/Y [Yahoo! Finance]Yahoo! Finance
PNM
Earnings
- 7/31/24 - Beat
PNM
Sec Filings
- 8/6/24 - Form 4
- 8/6/24 - Form 4
- 8/5/24 - Form 8-K
- PNM's page on the SEC website