PNM Resources to sell New Mexico Renewable Development stake to Exus
PNM Resources (NYSE: PNM) has finalized an agreement to sell its 50% ownership interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC. This decision, made in conjunction with American Electric Power (AEP) which also owns the remaining 50% of NMRD, involves the sale of the NMRD portfolio for an estimated […]