Mylar balloons cause bouquet of problems for power lines, PNM warns [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
Mylar balloons, those shiny tokens of affection often sent to sweethearts on Valentine's Day, can cause costly interruptions if they're allowed to float toward electrical infrastructure, linemen from Public Service Company of New Mexico warned Monday. While Mylar itself — a polyester film — is an electrical insulator, most Mylar balloons have a metallic foil coating that conducts electricity, creating the possibility of outages and other dangers. The number of power outages caused by Mylar balloons in PNM's service territory grew by more than 55% last year from the year prior, the company noted in a news release. The electric utility, which provides power to a half-million customers in New Mexico, suggests people rethink giving metallic balloons to their Valentines, or at least ensure the balloons remain secured. Keep them tied up and indoors, the company asks. Data provided by PNM shows the utility counted 28 outages caused by Mylar balloons in 2023 — more than 46 cumulati
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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
- 5/3/24 - Form DEFA14A
- 4/22/24 - Form ARS
- 4/22/24 - Form DEF
- PNM's page on the SEC website