Exhibit 99.2
PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES
Other Financial Information
Three Months Ended
September 30,
----------------------
2000 1999
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Earnings Summary:
Net Earnings per common share (diluted)............. $ 1.18 $ 0.52
One time gains and special
charges per (diluted) share (1)................... 0.21 -
Net Earnings before one time gains and
---------- ---------
special charges per common share (diluted)........ $ 0.97 $ 0.52
========== =========
Earnings Estimate:
Based on the reported results for the three and nine months ended September
30, 2000, the operating trends underlying these results and anticipated
future operating trends, the following represents the Company's estimate of
its future operating performance.
Three Months Ended December 31, 2000
Prior year's comparable period reported earnings
per common share (diluted)............................... $ 0.43
Potential incremental impacts per common share:
Wholesale Sales....................................... $0.02- $0.08
Weather............................................... unknown
Other................................................. unknown
Estimated earning per common share(diluted)................ $0.45 - $0.55
Twelve Months Ended December 31, 2000
Prior year's comparable period reported earnings per
common share (diluted)................................... $ 1.92
Nine months ended September 30, 2000 earnings per
common share (diluted)................................... $ 2.17
One time gains and special charges per common share (1)..... ($ 0.21)
Three months ended December 31, 2000
earnings per common share (diluted) Estimate............. $ 0.45 - $ 0.55
Estimated Earnings per common share before one time
gains and special charges per common share (diluted)..... $ 2.40 - $ 2.50
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Exhibit 99.2 (continued)
Expected Events Impacting Restructuring:
November 7, 2000.....................Election for all New Mexico Legislators
Mid- Late November 2000..............NM Legislative forum to discuss California
Power issues relative to New Mexico.
Mid January 2001 - Mid March 2001 NM Legislative session.
August 2001..........................Corporate separation expected to be
accomplished (absent settlement)
(1) See discussion in Exhibit 99.1
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