PNM Resources Completes Sale of Renewable Joint Venture [Yahoo! Finance]
PNM Resources, Inc. (Holding Co.) (PNM)
Last pnm resources, inc. (holding co.) earnings: 2/28 06:30 am
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Source: Yahoo! Finance
joint venture, New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC. PNM Resources and American Electric Power (AEP), which also owns 50% of NMRD, have agreed to sell the NMRD portfolio for $234 million after customary adjustments. As previously disclosed, PNM Resources' $117 million share of the proceeds will support the funding of regulated capital investments. The NMRD portfolio includes nine operating solar developments totaling 185 MW and six projects under development with an estimated output of 440 MW. PNM Resources previously reported the earnings from its 50% ownership as part of the Corporate and Other segment. The sale received the necessary regulatory approval by the Federal Energy Regulatory Commission, New Mexico regulatory approvals associated with one of NMRD's projects and clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Background: PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerqu
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News
- PNM or PEG: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- PNM Resources, Inc. (NYSE:PNM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- PNM Resources (PNM) Q1 Earnings & Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- PNM Resources Reports First Quarter 2024 ResultsPR Newswire
- What's in the Cards for PNM Resources (PNM) This Earnings Season? [Yahoo! Finance]Yahoo! Finance
PNM
Earnings
- 4/30/24 - Miss
PNM
Sec Filings
- 5/6/24 - Form 4
- 5/6/24 - Form 8-K
- 5/6/24 - Form 424B5
- PNM's page on the SEC website