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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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