Risk Factors Update Summary
- Construction expenditures increased from $4.6 billion in 2023 to $4.1 billion in 2024.
- The NMPRC approved an ROE of 9.26% and specific disallowances of undepreciated investments.
- PNM's dependency on PVNGS decreased from 15% to 10% of total generating capacity.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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