Investor Presentaiton
AVANGRID and PNM Resources Strategic Merger Approvals
Filing
Merger agreement extended to April 2023
Proxy filing / Shareholder approval
Department of Justice (Hart-Scott-
Rodino Clearance) (1)
Committee on Foreign Investment
in the United States (CFIUS)
Federal Communications
Commission (1)
Date Filed Docket No.
1/5/2021
N/A
12/21/2020 20210767
Approvals/Clearances
Approved 2/12/2021
Waiting period expired 1/20/2021
12/11/2020 20-191
Clearance received 2/01/2021
1/25/2021
PNM: 0009366813
TNMP: 0009366682
Approved 3/11/2021
Federal Energy Regulatory
11/23/2020
EC21-25-000
Approved 4/20/2021
Commission (FERC)
Nuclear Regulatory Commission (1)
12/2/2020
STN 50-528, 50-529
and 50-530
Approved 5/25/2021
Public Utility Commission of Texas
(PUCT)
11/23/2020 51547
New Mexico Public Regulation
Commission (NMPRC)
11/23/2020 20-00222-UT
Approved 5/6/2021
Denied 12/8/2021, appeal filed
with New Mexico Supreme Court
1/3/2022, estimated 12-18 month
appeal process
(1) Additional filing/extension necessary for merger extension
KKKK
PNM@Resources®
27View entire presentation