While depending on outside generating sources means TNMP is not wholly in the driver's seat, Nix says there is an upside.
Having reviewed the progress and contingency plans of TNMP's providers, Nix says he's largely optimistic.
TNMP owns and operates electrically separate transmission and distribution systems in Texas and New Mexico.
TNMP serves approximately 214,000 customers with total GWH sales of 6,641 in 1995.
Following the approval, TNMP
will install up to 240,000 metres beginning this year through to 2016.
Energy holding company PNM Resources (NYSE:PNM) said on Thursday that its transmission and distribution utility in Texas, TNMP
, has filed a proposed settlement regarding its request to recover the costs of installing an Advanced Metering System throughout its service area.
Energy holding company PNM Resources (NYSE:PNM) revealed on Thursday that its Texas transmission and distribution utility, TNMP
, has filed for an annual revenue increase of USD20.1m or 10.9%.
Currently Sterba serves as chairman of PNM Resources Inc, the parent company of PNM, Texas-New Mexico Power Company (TNMP
) and First Choice Power.
Energy holding company PNM Resources (NYSE:PNM) reported on Monday that its utility in Texas, TNMP
, has been granted regulatory approval to increase transmission cost-of-service rates by USD5.5m.