Article: New Mexico-Based Utility PNM Resources Reports 2001 Earnings.

By Rosalie Rayburn, Albuquerque Journal, N.M. Knight Ridder/Tribune Business News

Jan. 24--ALBUQUERQUE, N.M. -- Momentum from a soaring wholesale power market early last year carried PNM through a declining fourth quarter to end the year ahead of expectations, the company said Wednesday.

PNM Resources Inc., which now owns Public Service Company of New Mexico, said net earnings for 2001 were $3.77 per share of common stock, an increase of 49 percent over $2.53 per share in 2000.

"This has been an extraordinary year for our industry and for our company," said PNM chairman, president and CEO Jeff Sterba in a statement Wednesday.

In ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!