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Stock impact report

New Mexico regulators approve El Paso Electric $11M EV plan, including low-income rebates [Yahoo! Finance]

PNM Resources, Inc. (Holding Co.) (PNM) 
Last pnm resources, inc. (holding co.) earnings: 2/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: pnmresources.com/investors.aspx
Company Research Source: Yahoo! Finance
The approximately $11 million plan also includes support for residential and commercial customers making the shift to EVs through smart charging programs and rebates for charging equipment. There is also a focus on ensuring new construction results in EV-ready homes. The New Mexico Public Regulation Commission voted 2-0 to approve the plan, with Commissioner James Ellison abstaining over concerns the EV purchase incentives, known as “on-the-hood rebates,” fall outside the scope of appropriate utility electrification efforts. Dive Insight: New Mexico passed rules last year to boost the number of EVs on its roads , and requires utilities to submit transportation electrification plans every three years that support its goals. But Ellison has consistently said utilities should not help customers buy new vehicles. “It is my view that the focus of these transportation electrification programs should be on the infrastructure itself ... I really see these on-the-hood rebates as being Show less Read more
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