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The PRC-PNM-ETA Debacle: The Truth Behind How PNM Is Running Circles Around the Legislature and the PRC, a conversation with PNM Shareholders for a Responsible Future.
The PRC-PNM-ETA Debacle: The Truth Behind How PNM Is Running Circles Around the Legislature and the PRC, a conversation with PNM Shareholders for a Responsible Future. Five years ago a group of NM activists purchased shares in PNM stock and formed PNM Shareholders for a Responsible Future. Since then, the group has introduced resolutions at the annual shareholder meeting seeking more transparency in PNM's reporting on future decommissioning costs. Even more importantly, the group has used each annual meeting to expose PNM dissembling in front of most all of their institutional investors. Memberx of PNM Shareholders for a Responsible Future have submitted probing questions, embedded with detailed statements that reflect PNM's manipulation of the legislative process (ETA) and their misleading or false testimony at the PRC. While just asking the questions is offering important information to large investors, unfortunately, PNM execs are adept at PR spin responses that continue to misinform the large institutional shareholders attending the meeting. During this zoominar, members of PNM Shareholders for a Responsible Future will present five questions that they asked at the May 11th Board Meeting, share PNM Executive responses, and then provide evidence of how those responses were untrue. If you want to get clarity on what is really going on at the PRC and the truth about how PNM is running circles around our legislature and the PRC, you won't want to miss this discussion. It will also shed light on precisely why New Energy Economy was so concerned about language in the ETA, language that, as written, gives PNM a free hand to charge ratepayers with decommissioning costs not just at San Juan, but at Four Corners and more importantly at Palo Verde Nuclear Generating Station. That price tag will be in the billions.

Jun 9, 2020 06:30 PM in Mountain Time (US and Canada)

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