The holding company for New Mexico's largest electric provider has opted to host its annual shareholders' meeting in Texas this year, and on the ballot is a proposal that would require Public Service Co. of New Mexico to adopt goals for reducing greenhouse gas emissions.
The PNM Resources shareholders meeting will be Tuesday in Lewisville, where the company's other subsidiary Texas-New Mexico Power is headquartered.
Company officials say this marks the first time in the 11 years since PNM Resources acquired TNMP that the meeting will be held in Texas.
Shareholders from New Mexico will travel to Texas to present a series of proposals, including the greenhouse gas measure. They say PNM should be ready for the threat of climate change and the effects future regulations could have on ratepayers.
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