PNM Resources, Inc. (NYSE:PNM) Q4 2022 Earnings Call Transcript

Pat Vincent-Collawn: So I’ll start with the last. Yes, you need with one commissioner recruiting himself, you need two of the two, if you get one on one at the tie-ins and it fails, so that’s one thing. Next question is the Supreme Court remanding it back today, they haven’t helped arguments, they haven’t briefed, they haven’t done anything. So the odds of that happening are Counsel is looking at me none. So I shouldn’t say none, slim to none. But what we would need to do is, before the consider it again, it’s now in the Supreme Court, we would have to ask with the commission for it to come back, and the Supreme Court would have to consider that case, but we would need both parties or I should say all parties to ask for it back from the court.

Tim Winter: Okay. So that wouldn’t just be your decision it’s — it’s more than that.

Pat Vincent-Collawn: Yeah. Correct. It is more than that.

Tim Winter: Okay. And do you have any — any thoughts on extending the merger agreement or how long this is going to play out?

Pat Vincent-Collawn: No, Tim. We’re just going to wait and like I said that the Board will consider everything in due course. And there’s really no reason for them to think about it now because it’s only in February. So we’ll see what happens between now and then, and they will decide then.

Tim Winter: Okay. Thank you.

Pat Vincent-Collawn: You’re welcome.

Operator: This concludes our question-and-answer session. I’d like to turn the conference back over to Pat Vincent-Collawn for any closing remarks.

Pat Vincent-Collawn : Thank you, Joe. And again, thank you all for joining us this morning. As I’ve said multiple times, tip your bartender well and please take a taxi home. Stay safe.

Operator: The conference has now concluded. Thank you very much for attending today’s presentation. You may now disconnect your lines.