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PNM Resources to Host 2007 Earnings Conference Call
ALBUQUERQUE, N.M.-(Business Wire)-January 29, 2008 - PNM Resources (NYSE: PNM) will discuss preliminary, unaudited 2007 earnings results and guidance for 2008 and 2009 during a live conference call and Web cast at 8:30 a.m. EST on Monday, Feb. 11. Earnings results will be released earlier at 6 a.m.
When providing 2007 results, PNM Resources will present revised segment reporting. Because of the gas business pending sale, the PNM Gas segment will be reported as discontinued operations, as required by GAAP. In addition, due to the pending sale of certain wholesale electric, natural gas and transmission contracts, and the company's strategy to separate regulated and unregulated electric operations, certain wholesale activities that were previously shown as a separate segment will be reported in the PNM Electric segment.
Speaking on the call will be Jeff Sterba, PNM Resources chairman, president and CEO, Chuck Eldred, executive vice president and CFO, Pat Vincent, president of utilities, and John R. Loyack, EnergyCo CEO.
Investors, analysts and other participants can listen to the live conference call by dialing (877) 548-7903 (toll free) or (719) 325-4931 (toll) five to 10 minutes prior to the event and referencing "the PNM Resources 2007 earnings conference call." A telephone replay will be available at 1:30 pm EST until midnight Feb. 18 by dialing (888) 203-1112 (toll free) or (719) 457-0820 and using confirmation code 4045459.
A live Web cast of the conference call will be available at www.PNMResources.com. Listeners are encouraged to visit the Web site at least 30 minutes before the event to register, download and install any necessary audio software. A recording of the Web cast will be available for 30 days and a transcript of the call will be posted as soon as possible.
About PNM Resources
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2006 consolidated operating revenues of $2.5 billion. Through its utility and energy subsidiaries, PNM Resources serves electricity to approximately 835,000 homes and businesses in New Mexico and Texas and natural gas to nearly 490,000 customers in New Mexico. Its utility subsidiaries are PNM and Texas-New Mexico Power. Another subsidiary is First Choice Power, a deregulated competitive retail electric provider in Texas. With generation resources of more than 2,650 megawatts, PNM Resources and its subsidiaries market power throughout the Southwest, Texas and the West. In addition, the joint venture in which the company has a 50-percent ownership owns approximately 920 megawatts of generation. For more information, visit www.PNMResources.com.
