Monday, May 15, 2017

NEW MEXICO Shareholders to join rally outside PNM annual meeing


Four Corners Power Plant on Navajo Nation
May 15, 2017
Charlotte Levinson, PNM shareholder
Andy Davis, PNM shareholder
Mona Blaber, Sierra Club Rio Grande, monablaber@gmail.com

Shareholders to join rally outside PNM annual meeting in support of resolutions
Shareholders of Public Service Co. of New Mexico will speak at a rally outside the company’s annual meeting Tuesday morning in support of two resolutions that require PNM to consider its impact on climate and the economy of New Mexico communities.

The resolutions concern:
  1. a request that the company report on how it will transition PNM's investments from climate-altering resources, and the portfolio impacts of policies to keep global warming under 2 degrees C; and
  2. a requirement that PNM publish an assessment on generation assets that might become stranded and on the financial risks of those stranded assets.

International Shareholder Services, one of the top-rated governance-advisory firms, has recommended that shareholders vote YES on both resolutions. PNM’s portfolio is 91% fossil fuels and nuclear and only 2% solar and 7% wind. More than a dozen shareholders plan to attend the pro-renewable-energy rally before the meeting starts.

As PNM considers transitioning from coal-fired San Juan Generating Station and Four Corners Power Plant due to market forces, community and clean-air groups call on the utility to plan for community and worker transition, including clean-energy reinvestment in the Four Corners communities that have given so much to the energy industry.

What: Rally outside PNM annual meeting
Where: PNM headquarters, 414 Silver Ave. SW, Albuquerque
When: Tuesday, May 16. Rally starts at 8:45 a.m.; shareholders speak at 10 a.m., after meeting
Who: PNM shareholders; Navajo and pueblo members of communities impacted by PNM coal plants; PNM customers and New Mexicans
Visuals: Signs, drummers, shareholders and community members. Shareholder availability for interviews

Speakers: Lyla June Johnston — Prayer and MC
  • Rev. Karen Bash, New Mexico Interfaith Power and Light, opening prayer
  • Hakim Bellamy (SOL not coal poem)   
  • Angele Kunkowski, song
  • Jen Marley, Santa Clara, Red Nation
  • Ehren Natay, Diné, drummer, singer (Kiwa Pueblo)
  • Javier Benavides, SouthWest Organizing Project
  • Vicki Regina, OLÉ New Mexico
  • JD Mathews, Working Family Party
  • Bianca Madrid, Earth Care
  • Cheyenne Antonio, Diné, Red Nation, CSVANW
  • Tom Solomon, 350 New Mexico, on 100% renewables
  • Mariel Nanasi, New Energy Economy
  • Rebecca Sobel, WildEarth Guardians, San Juan Mine/Just Transitions Four Corners
  • 10 a.m.: Two Shareholder Resolutions (Charlotte Levinson & Wendy & Sam Hitt)  

Rally co-hosts: Frack Off Greater Chaco, New Energy Economy, Sierra Club Rio Grande Chapter, 350.org New Mexico, New Mexico Interfaith Power and Light, WildEarth Guardians

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