Item 7.01 Regulation FD Disclosure.
On June 29, 2022, PNM Resources, Inc. ("PNMR") issued a press release (the
"Press Release") with respect to the Order issued on June 29, 2022, by the New
Mexico Public Regulation Commission ("NMPRC") requiring Public Service Company
of New Mexico ("PNM"), a wholly-owned subsidiary of PNMR, to issue rate credits
related to the retirement of the San Juan Generating Station ("SJGS"). A copy of
the Press Release is furnished and attached as Exhibit 99.1 hereto and is
incorporated herein by reference.
The information furnished is not deemed "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, is not subject to the
liabilities of that section and is not deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended.
Item 8.01 Other Events.
On June 29, 2022, the NMPRC issued an Order requiring PNM to issue rate credits
related to the retirement of SJGS. The Order calls for an immediate reduction to
customer rates upon the retirement of each of the two remaining units of SJGS,
as described in the Press Release. Following the NMPRC vote to issue the Order,
PNM filed an Emergency Motion for a stay of the rate credits pending its appeal.
In the filing, PNM indicated that if the NMPRC has not acted upon the Emergency
Motion by the time PNM files its Notice of Appeal with the New Mexico Supreme
Court ("Court"), PNM will file an emergency motion with the Court seeking an
interim stay of the Order.
The Order, and PNM's Emergency Motion filing, will be posted when available at
https://www.pnmresources.com/investors/rates-and-filings.aspx.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description
99.1 Press R elease, dated June 29, 2922 (furnished not filed)
104 Cover Page Interactive Data File (embedded within Inline XBRL
document).
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