They don't even understand the basic accounting laws and how income can or can not be reported on consolidated financial statements. If PNMS doesn't own a majority interest in the companies in which it claims ownership, it can not report money they earn as its own income. It can only include the income figures in the footnotes. Since PNMS doesn't do it that way, the whole story is BS.
What a line of total hogwash the crook Terrell has fed them.
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