PROTESTERS DEMONSTRATE IN FRONT OF PNM HEADQUARTERS IN ALBUQUERQUE … BUT THE COMPANY’S TOP EXECUTIVES WERE IN LEWISVILLE TEXAS FOR THEIR STOCKHOLDERS MEETING TUESDAY… THE FIRST TIME IT’S BEEN HELD OUTSIDE ALBUQUERQUE. PROTESTERS WANT PNM TO TIE COMPENSATION FOR COMPANY EXECUTIVES TO CARBON REDUCTION GOALS.
BUT SHAREHOLDERS VOTED AGAINST THAT PROPOSAL. THEY DID VOTE IN FAVOR OF 7-POINT-48 MILLION DOLLARS IN COMBINED COMPENSATION FOR PNM EXECUTIVES IF THEY MEET CERTAIN REQUIREMENTS THAT DON’T INCLUDE REDUCING CARBON EMISSIONS. THE ALBUQUERQUE JOURNAL REPORTS THAT WOULD POTENTIALLY GIVE THE EXECS 10 MILLION DOLLARS FOR LAST YEAR.
PROTESTERS ALSO OPPOSE THE 14-POINT-4 PERCENT RATE HIKE PNM IS SEEKING.
