PNM Resources Management to Meet with Analysts and Investors at Edison Electric Institute Financia..

PNM Resources (NYSE: PNM) management will meet with energy industry investors and analysts Nov. 9-12 during the 43rd Edison Electric Institute Financial Conference in Phoenix. During the meetings, management expects to affirm PNM Resources´ 2008 consolidated ongoing earnings guidance range of $0.13 to $0.28 per diluted share. Management expects 2008 earnings results to be in the lower end of the range. However, the risk of falling below the range exists if fourth quarter performance at First Choice Power comes in below current projections due to deterioration in unit margins and/or increased bad debt resulting from higher default rates. Also, current projections assume normal weather in New Mexico. Management had previously affirmed the range on Nov. 5 when the company released its third-quarter earnings results and held its... [read full story]