SOURCE: Industrial Info Resources

Industrial Info Resources

October 31, 2013 06:15 ET

PNM Sees Future With More Solar, Gas and Nuclear Generation, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Oct 31, 2013) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Like other electric utilities in the Southwest, Public Service Company of New Mexico (PNM) (Albuquerque, New Mexico), a unit of PNM Resources Incorporated (NYSE:PNM) (Albuquerque), is reducing its reliance on coal-fired generation. Like its brethren around the country, PNM also is making plans to add gas-fired and renewable generation. What's a bit unusual about the utility's strategic resource plan is its preliminary finding that its future should include more nuclear power.

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