PNM and Western to discuss transaction modifications

PNM Chairman, President and Chief Executive Officer Jeff Sterba said, “PNM doesn’t believe that the split-off and other transactions envisioned in our Merger Agreement with Western Resources can be accomplished on the agreed terms if the KCC’s orders remain in effect. PNM continues to believe in the strategic benefits of bringing our two companies together. We are hopeful a transaction can be structured that would benefit customers and shareholders of both companies and could obtain the approval of necessary regulatory authorities, including those in Kansas and New Mexico.”

ATLANTA, Ga., July 26, 2001 – Commercial and industrial customers of San Diego Gas & Electric Co. demonstrated their ability to provide solutions to the predicted summer energy supply shortfalls recently – saving enough energy to power about 3,500 homes.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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