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Article: PNM Resources, Texas Parties Agree on Acquisition Terms; Anti-Trust Clearance Also Granted.
- Article from:
- Business Wire
- Article date:
- February 3, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ALBUQUERQUE, N.M. -- PNM Resources (NYSE: PNM) announced today it has reached an agreement in Texas and has obtained federal anti-trust clearance -- two significant steps in the process of completing its acquisition of Fort Worth-based TNP Enterprises (TNP).
The agreement, reached with several cities, the staff of the Public Utility Commission of Texas (PUC), the Office of Public Utility Counsel, the Texas Industrial Energy Consumers and the Alliance for Retail Markets, is unopposed and was filed today with the PUC. The agreement outlines terms and conditions necessary for the PUC to find the acquisition of TNP and its subsidiaries, Texas-New Mexico Power Co. ...