PNM Resources and AVANGRID file joint motion with New Mexico Public Regulation Commission to dismiss merger appeal, resolve through rehearing and reconsideration
Under the filed motion, the NMPRC will conduct the rehearing and reconsideration in accordance with its rules of procedure and endeavor to reach a decision and issue a final order in a timely manner. The NMPRC acknowledges that the Joint Applicants are seeking a resolution by no later than
The motion is subject to the Court's determination through an order and mandate. The motion and additional materials pertaining to the Court appeal, along with the NMPRC application for approval of the merger and amended stipulation, are available at https://www.pnmresources.com/investors/rates-and-filings.aspx.
Background:
Contacts: | ||||
Analysts | Media | |||
(505) 241-2160 | (505) 241-2782 |
Forward-Looking Statements
Statements made in this Current Report on Form 8-K for PNMR that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally include statements regarding the potential transaction between PNMR and Avangrid, including any statements regarding the expected outcome of the Appeal, the timetable for completing the potential Merger, the ability to complete the potential Merger, the expected benefits of the potential Merger, and any other statements regarding PNMR's and Avangrid's future expectations, beliefs, plans, objectives, results of operations, financial condition and cash flows, or future events or performance. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. Neither Avangrid nor PNMR assumes any obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, Avangrid and PNMR caution readers not to place undue reliance on these statements. Avangrid's and PNMR's business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond its control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see PNMR's Form 10-K and Form 10-Q filings and the information filed on PNMR's Forms 8-K with the
View original content to download multimedia:https://www.prnewswire.com/news-releases/pnm-resources-and-avangrid-file-joint-motion-with-new-mexico-public-regulation-commission-to-dismiss-merger-appeal-resolve-through-rehearing-and-reconsideration-301766381.html
SOURCE