PNM Resources, Inc. · Albuquerque, NM United States ·(NYSE: PNM)
Company Description
Phone: 505-241-2700
Fax: 505-241-2367
Rankings
- S&P 400
View PNM Resources, Inc. Locations On A US Map
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This link will open in a new window Most glowing lights in New Mexico are lit by PNM Resources. The company's primary utility unit, Public Service Company of New Mexico, distributes electricity to nearly 500,000 residential, commercial, and industrial customers in the state. PNM Resources operates power plants with more than 2,700 MW of generating capacity and markets energy to wholesale customers in the western US. Its Texas-New Mexico Power Company (TNMP) unit provides transmission and distribution services at regulated rates to 59 retail electricity providers that, in turn, provide retail electric service to 230,000 end users. Subsidiary First Choice Power is a retail electric provider operating in Texas and serving 234,000 customers. To read the full description, subscribe now.
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Key PNM Resources, Inc. Financials
| Company Type | Public - NYSE: PNM Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $1,959.5 |
| 2008 Employees | 2,864 |
PNM Resources, Inc. Executives
21 executives listed for PNM Resources, Inc.'s Albuquerque, NM location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Jeffry Sterba | Network |
| President and COO | Patricia Collawn | Network |
| EVP and CFO | Charles Eldred | Network |
Competition
Competitive Landscape for PNM Resources, Inc.
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top PNM Resources, Inc. Competitors
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