PNM Resources
Encyclopedia
U.S. state
A U.S. state is any one of the 50 federated states of the United States of America that share sovereignty with the federal government. Because of this shared sovereignty, an American is a citizen both of the federal entity and of his or her state of domicile. Four states use the official title of...
of New Mexico
New Mexico
New Mexico is a state located in the southwest and western regions of the United States. New Mexico is also usually considered one of the Mountain States. With a population density of 16 per square mile, New Mexico is the sixth-most sparsely inhabited U.S...
. The acronym PNM by itself usually refers to the PNM Resources subsidiary Public Service Company of New Mexico (described below). Headquartered in Albuquerque, PNM Resources supplies electricity to 725,000 homes and businesses in New Mexico and Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
and natural gas to 471,000 customers in New Mexico through its utility
Public utility
A public utility is an organization that maintains the infrastructure for a public service . Public utilities are subject to forms of public control and regulation ranging from local community-based groups to state-wide government monopolies...
and energy service subsidiaries.
Public Service Company of New Mexico (PNM)
Public Service Company of New Mexico is a corporation that is wholly owned by PNM Resources. In marketing material it is usually called PNM.Headquartered in Albuquerque, it provides electricity to 413,000 customers in the urbanized
Urbanized
Urbanized is a 2011 documentary film by Gary Hustwit released on 26 October 2011 and considered the third of a three-part series on design known as the Design Trilogy, the first being Helvetica about the typeface and the second being Objectified about industrial design.The documentary discusses...
or semi-urbanized areas in the northern half of the state. Elsewhere, rural electric cooperatives provide much of the power. . PNM maintains approximately 2000 miles (3,218.7 km), 2282 miles (3,672.5 km) of electric transmission lines, and 7,594 electric distribution lines. PNM is a significant owner of the San Juan generation facility, a coal fired plant located near Farmington, New Mexico, and a 10% owner in the Palo Verde Nuclear Generating Facility near Phoenix, AZ. PNM also owns and operates several natural gas fired plants throughout the state of New Mexico including Reeves Generating Station in Albuquerque, most of which are used to meet additional demand for electricity in the summer months. PNM employs approximately 2,700 people and has been noted as one of the top companies in the United States for minorities to work for.
Texas—New Mexico Power Company
Texas—New Mexico Power is a corporation that is wholly owned by PNM Resources. It is a regulated electric utility operating in Texas.Optim Energy,, LLC
PNM Resources owns 50% of EnergyCo, LLC, an unregulated energy company. Cascade Investments LLCCascade Investments LLC
Cascade Investment, L.L.C. is an American investment company headquartered in Kirkland, Washington, United States. It is controlled by Bill Gates....
owns the other 50%, and owns a large stake in PNM Resources itself. EnergyCo focuses on growing markets in the western United States. It owns electric generating plants and sells in the wholesale and retail markets.