Title:

PNM Resources 1Q08: Large Losses At Electric, FCP and EnergyCo Cause Agency Response

Price:$150.00
Publication Date:May 07, 2008
Source:CreditSights Inc
Report Type:Article
Abstract:PNM Resources released disappointing quarterly results, driven lower by its Electric, FCP and EnergyCo subs. The company is awaiting a hearing at the NM Commission to implement an emergency fuel clause for PNM Electric.
Brief Excerpt: PNM Resources #Q##: Large Losses At Electric, FCP and EnergyCo Cause Agency Response Earnings were lower due to trading & hedging losses, the effects of its recent rate case and outages at its fossil fleet The company is not releasing...
Word Count:1205
Report Type:Article
Topic:Earnings Reports - Energy, High Yield
Format:HTML HTML
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