PNM Resources Inc - Company Profile
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Business Description
PNM Resources Inc (PNMR) provides electricity and electric services in New Mexico and Texas. Through its holding utilities, Public Service of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), it generates, transmits, and distributes electricity. PNM produces electricity from coal, natural gas, nuclear, solar, wind, and geothermal sources; and procures energy from Valencia, Red Mesa Wind, the Lighting Dock Geothermal facility, New Mexico Wind, Casa Mesa Wind, La Joya Wind and NMRD-owned solar facilities. The company operates through two reportable business segments: PNM and TNMP.
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Business Segments
Overview
Generates electricity, and transmits and distributes it to retail customers in New Mexico. It produces electricity from coal, nuclear, solar, gas, oil, wind and geothermal sources from its facilities through power purchase agreements. Trades electricity in wholesale market and provides transmission services to the third parties. Serves residential, commercial, and other industrial customers, and provides economy services.
Performance
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Overview
Transmits and distributes electricity. Serves to various retail electricity providers in Texas and three non-contiguous areas.
Performance
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