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About
PNM Resources, Inc. operates as an investor-owned holding company which provides electricity and energy efficiency products and services in New Mexico and Texas. The company operates through its two regulated utilities: Public Service Company of New Mexico and Texas-New Mexico Power Company. The Public Service Company of New Mexico utility provides electric generation, transmission, and distribution service to its rate-regulated customers. It also provides transmission services to third parties as well as the generation and sale of electricity into the wholesale market. The Texas-New Mexico Power Company utility provides transmission and distribution services in Texas. PNM Resources was founded in 2000 and is headquartered in Albuquerque, NM. | |||
Description
PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment is primarily involved in the generation, transmission, and distribution of electricity. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2016, this segment had owned or leased facilities with a total net generation capacity of 2,481 megawatts; and owned 3,200 circuit miles of electric transmission lines, 6,060 miles of distribution overhead lines, 5,789 cable miles of underground distribution lines, and 269 substations. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2016, this segment owned 978 circuit miles of overhead electric transmission lines, 7,111 pole miles of overhead distribution lines, 1,209 circuit miles of underground distribution lines, and 115 substations. The company serves approximately 767,000 residential, commercial, and industrial customers, as well as end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1917 and is headquartered in Albuquerque, New Mexico. | |||
