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December 26, 2024

PNM Resources (PNMR)

Edison Electric Institute
PNM, Avangrid Optimistic About Merger Prospects
While PNM awaits a court decision that could revive a merger with Avangrid, PNM officials say they’ll keep running the company like it’s a standalone business.
Avangrid
Avangrid Pushes Forward on NECEC, Offshore Wind, PNM Merger
Avangrid announced Wednesday that its net income increased 16% in 2022 over 2021 but projected flat financials in 2023.
PNM
New Mexico CO2 Limit Rule Would Target San Juan Coal Plant
New Mexico regulators release a draft rule that would set CO2 limits for coal plants, raising questions about the future of the San Juan Generating Station.
Sierra Club
Solar Supply Chain Issues Dog PNM Coal Plant Replacement Plan
PNM exhausted every alternative before postponing the retirement of the coal-fired San Juan plant until the end of this summer, a utility executive said.
Vineyard Wind
ISO-NE, States Seek to Build on ‘Alignment’ Efforts
Resource adequacy concerns and market rules and transmission infrastructure to support state clean energy policies highlight the issues facing ISO-NE in 2022.
Public Service Company of New Mexico
New Mexico Regulators Reject Avangrid-PNM Merger
N.M. regulators shot down Avangrid’s proposed acquisition of PNM Resources after officials pointed to Avangrid’s “demonstrated record of poor performance.”
Security Limits Inc.
Bid-rigging Allegation Clouds Avangrid Bid for PNM
Avangrid is facing increasing scrutiny from regulators following allegations that the company purchased millions in unnecessary equipment to boost profits.
The U.S. Center
Edison Electric Institute and Biden Admin Work Together at COP26
U.S. National Climate Advisor Gina McCarthy, several U.S. utility executives and the Edison Electric Institute discussed President Biden's goals at COP26.
Avangrid
Avangrid CEO Says Park City Wind Pushed Back to 2026
Avangrid said it expects the Park City offshore wind project to begin commercial operations in 2026 instead of the 2025 date it previously announced.
Iberdrola
Avangrid to Acquire PNM Resources for $4.3B
Avangrid is poised to expand into the Southwest after announcing that it will spend $4.3 billion in cash to acquire PNM Resources.

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