We agree that this is the correct legal interpretation and it supports our ability to make the consistent and timely investments to our system that are necessary to maintain high standards of reliability for our customers," said Pat Vincent-Collawn, PNM
Resources' chairman, president and CEO.
This filing represents another step we are taking to more closely align rate recovery with expenditures, allowing us to continue to provide safe, reliable service for our transmission customers," said Pat Collawn, PNM
Resources chairman, president and CEO.
Resources (NYSE: PNM
) is an energy holding company based in Albuquerque, N.
Vincent-Collawn, currently PNM
Resources' president and CEO, will assume her new role on Jan.
A certified public accountant, Loyack joined PNM
in 1999 from Union Pacific Corp.
believes the appeal could last up to two years.
Through the RPS, PNM
earns renewable energy certificates (RECs) for each kilowatt hour of electricity that it generates or buys from clean, renewable energy sources such as solar and wind.
, Public Service Company of New Mexico, is the principal subsidiary of PNM
Resources , an energy holding company based in Albuquerque, New Mexico.
Asking for an increase in rates is never an easy decision, especially during these challenging economic times we all are experiencing," said Pat Vincent-Collawn, PNM
Resources president and CEO.
will buy all the power generated under a long-term contract.
will use the bidders' conference to provide more details about the RFP and answer questions.
The proposed transaction will reduce PNM
's long-term debt and give the company majority ownership of the 216-mile long Eastern Interconnection Project (EIP) line, which connects PNM
and the Western U.