PNM Resources
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$6.22B
42.7
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. 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 to serve its New Mexico retail customers. 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.
PNM Resources continues to focus on sustainable energy initiatives as market conditions evolve, positioning itself for long-term growth amid industry fluctuations.
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. 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 to serve its New Mexico retail customers. 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 Pursues 100% Carbon-Free Electricity by 2031 with Strategic Energy Transition Plan
The ongoing transition towards sustainable energy sources sees PNM Resources (Ticker: TXNM) taking pivotal steps through its recent strategic plan. The company's commitment to enhancing New Mexico's e…
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…