AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Byline: Shea Andersen SANDERSEN@ABQTRIB.COM / 823-3621
Because of some unexpected costs, the Public Service Company of New Mexico said today it will be lowering its earnings estimate for 2002.
The company now expects 2002 operating earnings will be about $1.80 per share.
That's a drop from PNM's previous guidance for 2002 earnings, in which it forecast earnings of $1.90 to $2.10 per share.
PNM spokesman Bob Hagan said three factors affected its new, lower earnings guidance: unplanned outages at the Four Corners Power Plant, higher costs associated with a new coal mine, and milder weather in the company's New Mexico service territory. …