Txnm Energy, Inc. · NYSE:TXNM
Txnm Energy — PNM Resources — Corporate Update (May 2017)
6 slides from Txnm Energy's corporate update, May 5, 2017
Slide 1: PNM General Rate Case Proposed Settlement
PNM General Rate Case Proposed Settlement May 5, 2017
Slide 2: Contact Information and Safe Harbor Statement
Contact Information and Safe Harbor Statement Investor Relations Contact Information Lisa Goodman Jimmie Blotter Manager, Investor Relations Assistant Treasurer U.S. 1-505-241-2160 U.S. 1-505-241-2227 Lisa.Goodman@pnmresources.com Jimmie.Blotter@pnmresources.com Safe Harbor Statement Statements made
Slide 3: Key Points of Proposed Settlement Agreement
Key Points of Proposed Settlement Agreement Proposed Settlement Terms • ROE unchanged at 9.575% • $62.3M settlement • $7.5M financial impact resulting from the amortization of excess deferred state taxes over 3 years(1) • PNM filed in December 2016 for a $99.2 million non-fuel revenue increase and a
Slide 4: Financial Impact of Proposed Settlement Agreement
Financial Impact of Proposed Settlement Agreement Proposed Settlement Agreement Financial View Phase I - 2018 Phase II - 2019 (in millions, except EPS) Settlement increase (net revenue increase) $32.3 $62.3 (1) Accelerated amortization of excess deferred state taxes 7.5 7.5 Financial impact $39.8 $6
Slide 5: 2018 - 2019 Potential Earnings Power
2018 - 2019 Potential Earnings Power 2018 transitional year; 2019 midpoint EPS reflects 8% growth(1) Allowed Return 2018 Earnings Potential 2019 Earnings Potential / Equity Ratio Avg Rate Base EPS Avg Rate Base EPS PNM Retail 9.575% / 50% $2.3 B $1.38 $2.3 B $1.37 PNM Rate Case Phase-In ($0.23) Supr
Slide 6: Next Steps
Next Steps Procedural Schedule (modified May 1, 2017) Testimony in support of stipulation May 17, 2017 Testimony in opposition to stipulation June 14, 2017 Stipulation rebuttal testimony June 21, 2017 Pre-hearing conference July 6, 2017 Hearings July 12-28, 2017 Suspension period ends November 6, 20