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PNM says lawsuit unlikely to succeed
PNM and analysts say Western Resources is unlikely to prevail in the suit over the failed 2000 merger. Western seeks 650 million after a 4.4 billion deal collapsed. PNM argues the case is weak and would not raise rates to cover costs.
MENTIONED IN THIS ARTICLE
Albuquerque
Public Service Company of
New Mexico
Western Resources
Topeka
Kan
New York
PNM
Bob Hagan
New Mexico Power Company
Hagan
Brooke Glenn
Jefferies & Company
Walker Hendrix
Citizens’ Utility Ratepayers Board
Kansas
Western
KGB
KPL
Kansas Corporation Commission