PNM Resources Summary

Company Description
PNM Resources is an energy holding company headquartered in Albuquerque, N.M.  Through its utilities - PNM and TNMP - and energy subsidiary - First Choice Power - PNM Resources serves electricity to 859,000 homes and businesses in New Mexico and Texas. Its generation resources of 2,706 megawatts reflect a balanced mix of coal, natural gas, nuclear and wind generation.  In addition, the company has 50 percent ownership of Optim Energy, which owns nearly 1,200 megawatts of generation in Texas.

CEO: Patricia Vincent-Collawn; Revenues:  $1.68 Billion (2010); Employees: 2,134 (2010).

Statements on Climate Change
“The right policy framework is essential if we are to move our company, our industry and our nation ahead toward a more sustainable path. We firmly believe that framework should help us achieve meaningful greenhouse gas reductions, and should do so in a way that minimizes the cost impact for customers. However, since climate change is a national and global issue, we believe it should be addressed at those levels.” – Pat Vincent-Collawn, President and CEO

Climate Change Targets
PNM Resources had set a goal of emitting seven percent less carbon dioxide or its equivalents per megawatt hour than it did in 2002 by 2009.

Climate and Energy Strategies

• Energy Supply Solutions
• Energy Demand Solutions
• Process Improvements
• Waste Management Practices
• GHG Reduction Targets

Technology Solutions (C2ES's Climate Techbook Factsheets)

• Natural Gas (C2ES Factsheet, Company Web Site)
• Nuclear Power (C2ES Factsheet, Company Web Site)
• Residential End-Use Efficiency (C2ES Factsheet, Company Web Site)

Relevant Links: PNM Company Web Site, PNM Community and Environment Web Site, PNM Climate Change Web Site