PNM Resources' Case Schedule Extended (PNM)

The rate case schedule for PNM Resources' PNM New Mexico utility, PNM, was extended today by four weeks to allow the parties additional time to continue to work on a settlement. On Dec. 20, PNM filed a motion with state regulators to extend the schedule after it had reached an agreement with the N.M. Attorney General's Office and staff of the N.M. Public Regulation Commission. “The Settling Parties need additional time to finalize and document their agreement and to attempt to gain concurrence of the other parties to the terms of the settlement,” the motion stated. Today, a Commission hearing examiner granted the motion and set Jan. 20, 2011, as the deadline for filing a stipulation. If a stipulation does not materialize, the case will proceed on a litigation path according to the new extended schedule. The terms of a possible stipulation will be released when filed with the Commission. Today's ruling is available on the PNM Resources Web site at http://www.pnmresources.com/investors/regulatory.cfm