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Stock impact report

New Mexico Regulator Sets Procedural Schedule for PNM Resources Merger With Avangrid

Avangrid, Inc. (AGR) 
Last avangrid, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Business Wire
Draft stipulation agreement reflects interests of PNM, AVANGRID and 13 other signatories to bring over $270 million in benefits to New Mexico; New Mexico regulatory approval is last remaining approval required for merger ORANGE, Conn.--(BUSINESS WIRE)--On Friday, May 28, the Hearing Examiner for the New Mexico Public Regulation Commission (NMPRC) set the remaining procedural schedule for the amended stipulation in the merger application between the parent company of the Public Service Company of New Mexico (PNM), PNM Resources, Inc. (NYSE: PNM) and AVANGRID, Inc. (NYSE: AGR). This schedule comes after AVANGRID submitted materials that addressed the Hearing Examiner’s questions about its Northeastern regional utility subsidiaries regarding service quality standards, including details on routine management audit reviews that are typical for investor-owned utilities in those jurisdictions. The filing demonstrated that AVANGRID utilities’ storm preparedness and response compared favora Show less Read more
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