Provides electricity to residential and commercial customers in New Mexico and Texas, focusing on sustainable energy initiatives.
PNM Resources, Inc., operating through its subsidiaries, is a prominent provider of electricity and electric services across the United States. The company operates primarily through its two key segments: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). The PNM segment focuses on the generation, transmission, and distribution of electricity sourced from a diverse array of energy sources including coal, natural gas, oil, nuclear fuel, solar, wind, and geothermal energy. As of December 31, 2021, PNM's facilities boasted a total net generation capacity of 2,168 megawatts.
Within its service territory, PNM owns extensive infrastructure comprising 3,426 miles of electric transmission lines, 5,751 miles of overhead distribution lines, 5,765 miles of underground distribution lines, and 250 substations. Additionally, the segment manages various facilities and equipment essential for its operations, including communication infrastructure, office spaces, vehicles, and real estate assets.
The TNMP segment of PNM Resources specializes in providing regulated transmission and distribution services. By the end of 2021, TNMP owned 983 miles of overhead electric transmission lines, 7,297 miles of overhead distribution lines, 1,408 miles of underground distribution lines, and 113 substations. Similar to the PNM segment, TNMP also manages a fleet of vehicles, service facilities, and office locations across its operational footprint.
PNM Resources serves a diverse customer base of approximately 806,000 residential, commercial, and industrial customers in New Mexico and Texas. With a rich history dating back to its incorporation in 1882, PNM Resources, Inc. continues to be headquartered in Albuquerque, New Mexico, driving forward in the provision of reliable and sustainable electric services to its communities.