PNM
- PNM Resources, Inc.
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Overview
Company Summary
PNM Resources, Inc. (PNM) is a Fortune 500 energy holding company based in Albuquerque, New Mexico. PNM operates through its primary subsidiaries, Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).
PNM primarily focuses on the generation, transmission, and distribution of electricity. Through its subsidiary PNM, it provides electric utility services to approximately 790,000 customers across New Mexico. PNM owns and operates a diverse mix of power generation facilities, including coal, natural gas, and renewable energy sources like wind and solar. They play a vital role in meeting the energy needs of residential, commercial, and industrial customers in the region.
On the other hand, TNMP, another subsidiary of PNM Resources, operates in Texas and provides regulated transmission and distribution services to around 257,000 customers in areas spread across the state. TNMP's service region encompasses approximately 20 cities and towns in the southern, central, and western parts of Texas.
As a large energy holding company, PNM Resources is committed to providing reliable, affordable, and sustainable energy solutions to its customers. They actively explore ways to expand their renewable energy portfolio, reduce carbon emissions, and promote energy efficiency programs in order to align with modern environmental and clean energy objectives.
Overall, PNM Resources, Inc. plays a pivotal role in supplying electricity to customers in New Mexico and Texas through their subsidiaries PNM and TNMP respectively, while also incorporating sustainable energy practices into their operations.