PNM Reaches Settlement Agreement with Key Parties

PNM Resources' PNM New Mexico Utility, Public Service Co. of New Mexico (PNM), on Thursday filed with the New Mexico Public Regulation Commission (NMPRC) a settlement agreement (Agreement) regarding the plan to retire two units at San Juan Generating Station (SJGS). Following discussions, PNM and several key parties agreed on modifications to the original Stipulation filed in October 2014. The Agreement requires approval by the NMPRC. "This is a win for customers, the environment, and for jobs," said Pat Vincent-Collawn, PNM Resources' chairman, president and CEO. "I appreciate the willingness of the parties to collaborate to reach a fair settlement that incorporates the best interests of electric customers, addresses federal environmental regulations, and protects the See full press release