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PNM and AVANGRID File Additional Customer Benefits and Customer Safeguards in Merger Application

PNM and AVANGRID File Additional Customer Benefits and Customer Safeguards in Merger Application
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Hearings Scheduled on Amended Stipulation for PNM Resources' Merger with AVANGRID

Hearings Scheduled on Amended Stipulation for PNM Resources Merger with AVANGRID
Stipulated agreement combines interests of PNM, AVANGRID and 13 other parties to bring over $270 million in benefits to New Mexico, one remaining approval required for the merger expected to close in 2021
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ALBUQUERQUE, N.M., June 1, 2021 /PRNewswire/ On Friday, the Hearing Examiner for the New Mexico Public Regulation Commission (NMPRC) set the remaining procedural schedule for the amended stipulation in the merger application of Public Service Company of New Mexico (PNM) and its parent company, PNM Resources, Inc. (NYSE: PNM), with AVANGRID (NYSE: AGR). This schedule comes after AVANGRID addressed regulatory issues for its northeastern regional utility subsidiaries on service quality standards, including details on routine reviews management audits that are typical for investor-owned utilities in those jurisdictions. The fi ....

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Environmental groups say an EIS is needed for the San Juan carbon capture project

A group of nine environmental organizations sent a letter to the Department of Energy secretary requesting the initiation of a multi-agency environmental impact statement looking at Enchant Energy’s proposal to retrofit the San Juan Generating Station with carbon capture technology. If an EIS is required, it would delay the project substantially, but the environmental advocates […] ....

United States , San Juan Mine , New Mexico , San Juan County , Petra Nova , Mike Eisenfeld , Mexico Institute Of Mining , Department Of Energy , Enchant Energy , Sierra Club Rio Grande Chapter , San Juan Citizens Alliance , Westmoreland Coal , National Parks Conservation Association , Environmental Law Center , San Juan Generating Station , Boundary Dam Power Plant , Boundary Dam , San Juan , Western Environmental Law Center , New Mexico Institute , Permian Basin , Kinder Morgan , Environmental Project , 350 New Mexico , Enter For Biological Diversity , Cindy Crane ,

Support Continues to Build for Merger as Two Additional Parties Seek to Join PNM and AVANGRID Merger Stipulation

Support Continues to Build for Merger as Two Additional Parties Seek to Join PNM and AVANGRID Merger Stipulation
Motion could bring the total parties to 13 as signatories supporting the merger
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ALBUQUERQUE, N.M., May 25, 2021 /PRNewswire/ PNM Resources, Inc. (NYSE: PNM) wholly-owned New Mexico subsidiary, Public Service Company of New Mexico (PNM), and AVANGRID announced two additional parties filed motions to join its merger stipulation before the New Mexico Public Regulation Commission (NMPRC).
Under the filing, M-S-R Power and Los Alamos County request the Hearing Examiner allow the parties to join the other 11 signatories supporting the agreement, under the condition that agreed-upon language to support the decommissioning of the San Juan Generating Station is added to the agreement. ....

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Support Continues to Build for Merger as Two Additional Parties Seek to Join PNM and AVANGRID Merger Stipulation

Support Continues to Build for Merger as Two Additional Parties Seek to Join PNM and AVANGRID Merger Stipulation
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Los Alamos County , New Mexico , United States , State Of New Mexico , Ray Sandoval , Michelle Lujan Grisham , Lisa Goodman , Coalition For Clean Affordable Energy , Mexico Power Company , San Juan Citizens Alliance , Mexico Public Regulation Commission , Exchange Commission , Company Form , Interwest Energy Alliance , Onward Energy Holdings , Resources Inc , International Brotherhood Of Electrical Workers , Public Service Company Of New Mexico , Walmart Inc , Public Service Company , New Mexico Public Regulation Commission , M Sr Power , Hearing Examiner , San Juan Generating Station , Mexico Governor Michelle Lujan Grisham , Sr Power ,