What is PNM in New Mexico?
As the state's largest electricity provider, PNM serves more than 525,000 New Mexico residential and business customers in greater Albuquerque, Rio Rancho, Los Lunas and Belen, Santa Fe, Las Vegas, Alamogordo, Ruidoso, Silver City, Deming, Bayard, Lordsburg and Clayton.
Who owns PNM electric?
TEXAS NEW MEXICO P...PNM ResourcesPublic Service Company of New Mexico/Parent organizations
Is PNM a public utility?
PNM | Public Service Company of New Mexico - pnmprod.
When did Nm get electricity?
In 1883, just one year after Thomas Edison built the world's first generating station in New York City, electricity came to New Mexico.
Why is my PNM bill so high?
A faulty appliance, such as a leaky water heater, can lead to a surprisingly high bill. PNM recommends having a licensed contractor perform regular maintenance of your cooling system in the spring, and a heating-system checkup in the fall to avoid system failure and higher-than-normal bills.
Did PNM get sold?
In Oct '20, New Mexico's largest electricity provider PNM Resources (NYSE:PNM) entered into a definitive agreement to be acquired by Avangrid (AGR). AGR is the US subsidiary of the Spanish multinational electric utility Iberdrola (OTCPK:IBDSF) (OTCPK:IBDRY) and operates primarily in Northeastern states.
Who is the electric provider for Albuquerque New Mexico?
Albuquerque electricity is provided by the Public Service Company of New Mexico (PNM), an investor-owned electric utility. PNM serves about 100 communities in New Mexico.
How does PNM make electricity?
Our Energy Sources Each year our wind, solar, and geothermal resources generate the power used by more than 174,000 average homes. To ensure safe, reliable and affordable service for our customers, we employ a diverse mix of resources in addition to renewables, including natural gas, nuclear power and coal.
Is PNM a monopoly?
PNM and EPE are investor-owned monopoly utilities and the largest number of New Mexico residents have no choice but to obtain our power from them. This is because PNM and EPE are protected monopolies based on obsolete New Mexico law.
What is the first city in America with electric power?
The first electric power transmission line in North America operated at 4000 V. It went online on June 3, 1889, with the lines between the generating station at Willamette Falls in Oregon City, Oregon, and Chapman Square in downtown Portland, Oregon stretching about 13 miles.
What was the first town in America with electricity?
To be a little more precise, the Pearl Street Station, the first central power plant in the U.S., began producing electricity on September 4th, 1882. It was located at 255 – 257 Pearl Street in Manhattan.
Does the U.S. get electricity from Mexico?
Electricity imports from Mexico have increased significantly since the beginning of the decade, when they averaged below two terawatt-hours per year. Annual electricity imports in the U.S. average around 60 terawatt-hours.
Is PNM a private company?
It is publicly traded on the New York Stock Exchange as PNM. In 2020, its consolidated operating revenues totaled $1.5 billion. Incorporated: 1917 as Albuquerque Gas and Electric Company.
What company bought PNM?
Strategic fit The acquisition of PNM fits within Iberdrola's strategy: Growth in regulated utility business, primarily transmission and distribution, and renewables.
How much does the CEO of PNM make?
Patricia K. CollawnCEO NameCEO PayMedian Employee PayPatricia K. CollawnCEO Pay $5,594,739Median Employee Pay $128,500
Who did PNM merger with?
AVANGRID“We remain committed to the merger between AVANGRID and PNM Resources, two companies that share a passion for our customers, employees and the communities we serve,” said AVANGRID CEO, Dennis V. Arriola.
What is PNM energy?
PNM Resources, Inc. is an investor-owned energy holding company based in Albuquerque, New Mexico. It provides electricity and electric services in New Mexico and Texas through its two utilities, PNM and Texas New Mexico Power (TNMP). PNM and TNMP have approximately 3.0 gigawatts of generation capacity and serve electricity to approximately 800,000 homes and businesses in New Mexico and Texas.
Where is PNM listed?
PNM lists on the New York Stock Exchange.
How many KW does the Albuquerque Sawmill produce?
New generation is needed and the Albuquerque Sawmill Power Plant adds Unit 4 capable of generating 2,500 KW.
What is PNM Resources Inc?
PNM Resources Inc. is created as a holding company.
When was PNM founded?
PNM was originally founded in 1917 as the Albuquerque Gas and Electric Company, but its roots can be traced to 1882 when electric and gas operations began in Albuquerque, New Mexico.
Who does PNM sell gas to?
PNM sells its retail gas operation to the Southern Union Company and concentrates on electrical operations.
Who is the president of PNM?
PNM president Jerry Geist retires and John Ackerman takes over.
What is PNM energy?
PNM Resources ( NYSE : PNM) is an energy holding company based in New Mexico. The acronym PNM by itself usually refers to the PNM Resources subsidiary Public Service Company of New Mexico (described below).
When was PNM founded?
PNM was founded in 1917 as the Albuquerque Gas and Electric Company. PNM sold the gas part of the business to Southern Union Gas Company of Dallas in 1949. These sold portions became the Gas Company of New Mexico.
Where is the PNM plant located?
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.
Who owns Public Service Company of New Mexico?
Public Service Company of New Mexico (PNM) Public Service Company of New Mexico is a corporation that is wholly owned by PNM Resources. Headquartered in Albuquerque, it provides electricity to more than 500,000 residential and business customers in Greater Albuquerque, Rio Rancho, Los Lunas and Belen, Santa Fe, Las Vegas, Alamogordo, Ruidoso, ...
Who bought New Mexico gas?
In 2008, PNM sold New Mexico Gas to Continental Energy, a company backed by the private equity firm Lindsay Goldberg. It was later acquired by TECO Energy.
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What is PNM electricity?
PNM is a regulated utility in New Mexico with operations primarily engaged in the generation, transmission and distribution of electricity. It is the state's largest electricity provider. PNM serves more than 530,000 New Mexico residential and business customers in Greater Albuquerque, Rio Rancho, Los Lunas, Belen, Santa Fe, Las Vegas, Alamogordo, ...
What is PNM energy?
PNM Resources Inc. is an energy holding company based in Albuquerque, New Mexico. It serves electricity to approximately 800,000 homes and businesses in New Mexico and Texas through its regulated utilities, PNM and TNMP. In 2020, consolidated operating revenues totaled $1.5 billion. PNM serves its customers with a diverse mix of generation and purchased power resources totaling 3.0 gigawatts of capacity, with a goal to achieve 100% emissions-free energy by 2040. PNM Resources’ common stock trades on the NYSE under the ticker PNM.
What is TNMP in Texas?
TNMP provides transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act. TNMP’s transmission and distribution activities are solely within the Electric Reliability Council of Texas (ERCOT), which is the independent system operator responsible for maintaining reliable operations for the bulk electric power supply system in most of Texas. As of December 31, 2020, TNMP owned 983 circuit miles of overhead electric transmission lines; 7,282 pole miles of overhead distribution lines; 1,348 circuit miles of underground distribution lines; and 110 substations.
Who regulates PNM?
PNM is regulated by the New Mexico Public Regulation Commission and the Federal Energy Regulatory Commission. PNM’s capacity in electric generating facilities, which are owned, leased, or under Power Purchase Agreements, in commercial service as of March 31, 2021 is:
Does TNMP calculate transmission losses?
TNMP, along with all other entities within ERCOT who do not have their own control areas, does not calculate transmission losses. ERCOT, as the Independent System Operator and the entity who balances and manages settlement, calculates transmission losses for all transmission systems within its control area, including TNMP’s transmission systems.
What is PNM electricity?
PNM is on a path to serve its customers 100% emissions-free electricity within the next two decades .
What is the IRP requirement for PNM?
The IRP requirements say that PNM should prefer resources that minimize environmental impacts when costs and services are equivalent. The IRP results in an resource roadmap for the Company and more specifically documents the actions required to achieve the plan's objectives over the next four years.
How often does PNM conduct an IRP?
PNM conducts an Integrated Resource Plan (IRP) once every three years. The IRP identifies generation mixes that could supply energy needs over a 20-year period. The IRP is a public process that incorporates public meetings and inputs in the final plan.
Overview
PNM Resources is an energy holding company based in New Mexico, in the United States. The acronym "PNM" by itself usually refers to the PNM Resources subsidiary Public Service Company of New Mexico.
Headquartered in Albuquerque, PNM Resources has approximately 2,530 megawatts of generation capacity and serves electricity to 498,000 homes an…
Primary holdings
Public Service Company of New Mexico is a corporation that is wholly owned by PNM Resources.
Headquartered in Albuquerque, it provides electricity to more than 500,000 residential and business customers in Greater Albuquerque, Rio Rancho, Los Lunas and Belen, Santa Fe, Las Vegas, Alamogordo, Ruidoso, Silver City, Deming, Bayard, Lordsburg and Clayton, as well as the tribal communities of the Tesuque, Cochiti, Santo Domingo, San Felipe, Santa Ana, Sandia, Islet…
Corporate organization and history
PNM was founded in 1917 as the Albuquerque Gas and Electric Company. PNM sold the gas part of the business to Southern Union Gas Company of Dallas in 1949. These sold portions became the Gas Company of New Mexico. In 1985, however, PNM reacquired the Gas Company of New Mexico after Southern Union Gas Company reached a settlement stemming from federal anti-trust litigation. In 1994, both electric and gas operations began serving customers as PNM.
External links
• Official website
• Public Service Company of New Mexico official website
• Business data for PNM Resources: