PNM Resources Inc (PNM) Q1 2020 Earnings Call Transcript

PNM Resources Inc (PNM) Q1 2020 Earnings Call Transcript

Good day, and welcome to the PNM Resources First Quarter 2020 Conference Call.. Joining me today are PNM Resources Chairman, President and CEO, Pat Vincent-Collawn; Chuck Eldred, Executive Vice President of Corporate Development and Finance; and Don Tarry, our Senior Vice President and Chief Financial Officer.. In New Mexico, the governor is looking to begin a gradual and safe reopening.. In New Mexico, we are working with customers individually to create more flexible payment plans.. Turning to slide five, we've also revisited our regulatory plans for filing a general rate review in the second quarter.. We're also making use of the recovery mechanisms in Texas that encourage investment without the need for a full general rate review.. We made our first distribution cost of service filing in early April with rates expected to be implemented in September.. The hearing examiners have brought forth a proposal to separate the replacement power into two parts.. The hearing examiners previously indicated they would have a recommended decision on the remaining proposed resources by the end of June.. We're looking at COVID-19 through three different stages based on how long the environment lasts and the level of impacts that we're seeing.. We see some