AS PNM SHAREHOLDERS APPROVED RAISES, CASH BONUSES AND STOCK OPTIONS FOR THE COMPANY’S FIVE TOP EXECUTIVES … PROTESTERS FROM CLEAN ENERGY AND CONSUMERS GROUPS DEMONSTRATED OUTSIDE PNM OFFICES DOWNTOWN AGAINST THE UTILITY’S 12 PERCENT RATE HIKE REQUEST AND FOSSIL FUEL POLICIES.
THE ALBUQUERQUE JOURNAL REPORTS A SMALL PORTION OF THAT RATE INCREASE REQUEST GOES TO EXECUTIVE COMPENSATION. MEANWHILE, THE JOURNAL SAYS PNM’S IN GOOD FINANCIAL SHAPE WITH NET EARNINGS UP 15 PERCENT LAST YEAR.
