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PNM Resources Merger with AVANGRID Approved by Public Utility Commission of Texas

PNM Resources Merger with AVANGRID Approved by Public Utility Commission of Texas
Merger confirmed to be in the public interest, on track to close in second half of 2021
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ALBUQUERQUE, N.M., May 6, 2021 /PRNewswire/ Today, the Public Utility Commission of Texas (PUCT) voted to approve the unanimous stipulation and agreement among parties for the merger of PNM Resources, Inc. (NYSE: PNM), including its Texas utility subsidiary, Texas-New Mexico Power Company (TNMP), with AVANGRID (NYSE: AGR).
In the now-approved unanimous settlement, which was filed on March 30, the Staff of the PUCT and all other parties to the proceeding agreed the proposed merger is in the public interest. ....

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Public Utility Commission of Texas gives key approval to PNM and Avangrid merger

Public Utility Commission of Texas gives key approval to PNM and Avangrid merger
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PNM Resources Reports First Quarter Results

/PRNewswire/ 2021 First Quarter GAAP earnings of $0.20 per diluted share 2021 First Quarter Ongoing earnings of $0.32 per diluted share Affirmed 2021. ....

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Abbott aide was at ERCOT storm meeting

Abbott aide was at ERCOT storm meeting
Jay Root, Houston Chronicle
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Workers in in the control room of the Electric Reliability Council of Texas, which operates most of the state s power grid, must keep a balance between electric generation and demand to prevent transmission lines from overloading.Staff file photo
Texas Gov. Greg Abbott dispatched a top aide to the ERCOT operations center on the night the grid operator made the controversial decision to leave electricity prices at maximum levels a move blamed for creating a multibillion-dollar mess.
Abbott has squarely placed the blame for the blackout boondoggle on ERCOT, which operates the power grid, and called for its CEO to resign right after the lights started coming back on across Texas on Thursday, Feb. 18. The ERCOT board eventually fired its CEO. ....

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