Investor Presentaiton
FERC
PNM NMPRC
PNM Regulatory Agenda
Filing
Merger transaction
approval
Four Corners Power
Plant Abandonment/
Securitization
Palo Verde Leased
Capacity Abandonment/
Replacement
San Juan Units 1 and 4
Abandonment/
Securitization
2020 Integrated
Resource Plan
Decoupling Filing
Action
NMPRC issued order denying stipulation on Dec. 8,
2021; PNM filed appeal with NM Supreme Court,
PNM/AVANGRID Brief filed April 7, 2022
NMPRC issued order denying application on Dec. 15,
2021; PNM filed appeal with NM Supreme Court,
PNM Brief filed Mar. 24, 2022
Abandonment Order deemed not necessary; Case
bifurcated, NMPRC issued limited order approving
replacement power Feb 16, 2022; monthly
replacement resource updates being filed
PNM filed Feb. 17, 2022 to extend Unit 4 operations
until Sept. 30, 2022; approval deemed not necessary
Procedural schedule established in response to Joint
Motion for Order to Show Cause and Enforce
Financing Order and Supporting Brief
Staff filed recommendation to accept plan on Nov.
12, 2021; Order requiring notice of material event
and update to IRP issued Apr. 6, 2022
Declaratory Order issued Apr. 27, 2022 limiting rate
adjustment mechanism to energy efficiency savings
Section 206 Show Cause Order issued Apr. 21, 2022 regarding formula rate
Investigation
protocols for transparency of information exchange
Timing
NMPRC answer brief due June 13, 2022, no
statutory timeframe for appeal, expect a
~12- to 18-month process
NMPRC answer brief due by May 12, 2022,
no statutory timeframe for appeal
Separate order on remaining issues,
Docket No.
S-1-SC-39152
S-1-SC-39138
21-00215-UT
including RFP and replacement resource
modeling, to be issued following completion 21-00083-UT
of procedural schedule
Bi-weekly meetings with stakeholders and
monthly filings updating status
Decision expected by June 30, 2022
19-00195-UT
20-00182-UT
19-00018-UT
Notice and update filed April 27, 2022;
Pending NMPRC order
21-00033-UT
PNM evaluating next steps
Response due June 20, 2022
20-00121-UT
EL22-40-000
PNMResourc
ources®
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