PNM Resources
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$6.41B
42.5
2.67
$1.97B
TXNM Energy, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. The company is headquartered in Albuquerque, New Mexico and currently employs 1,700 full-time employees. The firm delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, Texas-New Mexico Power Company (TNMP) and Public Service Company of New Mexico (PNM). Its segments include PNM, TNMP, and Corporate and other. The PNM segment provides integrated electricity services that include the generation, transmission, and distribution of electricity for retail electric customers in New Mexico. The segment also includes the generation and sale of electricity into the wholesale market. The TNMP segment provides transmission and distribution services at regulated rates to various REPs that, in turn, provide retail electric service to consumers within TNMP’s service area. The segment also provides transmission services at regulated rates to other utilities that interconnect with TNMP’s facilities. The Corporate and Other segment includes TXNM holding company activities.
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TXNM Energy, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. The company is headquartered in Albuquerque, New Mexico and currently employs 1,700 full-time employees. The firm delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, Texas-New Mexico Power Company (TNMP) and Public Service Company of New Mexico (PNM). Its segments include PNM, TNMP, and Corporate and other. The PNM segment provides integrated electricity services that include the generation, transmission, and distribution of electricity for retail electric customers in New Mexico. The segment also includes the generation and sale of electricity into the wholesale market. The TNMP segment provides transmission and distribution services at regulated rates to various REPs that, in turn, provide retail electric service to consumers within TNMP’s service area. The segment also provides transmission services at regulated rates to other utilities that interconnect with TNMP’s facilities. The Corporate and Other segment includes TXNM holding company activities.
Recently from Cashu
PNM Resources Declares Quarterly Dividend, Reinforcing Commitment to Shareholders and Reliable Energy
Commitment to Reliable Energy and Shareholder Returns at PNM Resources Public Service Company of New Mexico (PNM), a subsidiary of TXNM Energy, showcases its strong financial positioning and commitmen…
TXNM Energy Advances Sustainable Practices and Reports Strong Financial Growth in Q4
TXNM Energy Strengthens Commitment to Sustainable Energy Delivery TXNM Energy, Inc., an Albuquerque-based energy holding company, demonstrates its commitment to delivering efficient energy services ac…
FERC Clears Blackstone-TXNM Deal, Narrowing Regulatory Uncertainty for PNM Resources
FERC sign-off narrows regulatory uncertainty for PNM Resources The Federal Energy Regulatory Commission is authorising Blackstone Infrastructure’s acquisition of TXNM Energy, a move that directly affe…
Texas PUCT settlement frames TXNM/Blackstone takeover, protects PNM with funding and governance
Texas regulatory settlement frames fate of PNM's parent takeover PUCT settlement aims to protect local service and fund reliability The Public Utility Commission of Texas (PUCT) is approving a unanimo…