PNM shareholder meeting location raises questions
NEW MEXICANS have to ask themselves why Public Service Company of New Mexico, our state’s largest electricity provider, is holding (its) annual shareholders’ meeting this May in Texas City, Texas. It’s important that New Mexican shareholders have the ability to dialogue with our public utility without incurring travel expenses and time from work — the meeting is on a Tuesday — to attend the only opportunity to meet during the year.
Financial corporations outside of New Mexico own much of the company’s shares and have only a financial interest in dividends regarding energy policy in New Mexico. As a New Mexican shareholder and energy user with PNM, important issues concerning policies related to financial responsibility and accountability and decisions concerning the environment and future energy choices should be discussed with New Mexicans who make up (its) 500,000 customers. Maybe our public utility is only public in name only.