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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

Technology Solutions (C2ES's Climate Techbook [5] Factsheets)

Relevant Links: PNM Company Web Site [12], PNM Community and Environment Web Site [13], PNM Climate Change Web Site [14]

short description: 

PNM [15]is an energy holding company. PNM supplies electricity to 725,000 homes and businesses in New Mexico and Texas and natural gas to 471,000 customers in New Mexico

Energy Efficiency Initiatives
Products & Services summary: 

PNM's Energy Efficiency Program offers customers discounts or rebates on products that save energy.

Residential Programs for PNM electric customers include:

  • Refrigerator Recycling Rebate – recycle an old fridge or freezer and get $30
  • Home Lighting Discount – save on compact fluorescent light bulbs (CFLs)
  • PNM Power Saver Program (pnmpowersaver.com) – get paid for helping reduce demand for electricity during peak usage times:

Offered since July 2009:

  • Low Income Energy Wise Kits
  • Low Income Refrigerator and CFL replacement kits

Programs for PNM business electric customers:

  • Refrigerator Recycling Rebate – recycle an old fridge or freezer and get $30.
  • Retrofit Rebates – get money for making energy saving upgrades to an existing building.
  • New Construction Rebates – get money for building a new energy efficient facility.
  • PNM Power Saver Program – helping small business (up to 150 kW) reduce energy use on peak demand days.
  • PNM Peak Saver Program – helping large businesses save energy on peak demand days

 


Homebuilder rebates:

  • Energy Star® Homes Rebate – get a rebate on each Energy Star qualified home you build.

PNM Resources [15] is a member of the Business Environmental Leadership Council (BELC), the largest U.S.-based association of companies dedicated to business and policy solutions to climate change. PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2006 consolidated operating revenues of $2.5 billion. Through its utility and energy subsidiaries, PNM Resources serves electricity to more than 835,000 homes and businesses in New Mexico and Texas and natural gas to more than 492,000 customers in New Mexico.

BELC Abstracts
Electricity Abstract: 

PNM Resources [15] is a member of the Business Environmental Leadership Council (BELC), the largest U.S.-based association of companies dedicated to business and policy solutions to climate change. PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2006 consolidated operating revenues of $2.5 billion. Through its utility and energy subsidiaries, PNM Resources serves electricity to more than 835,000 homes and businesses in New Mexico and Texas and natural gas to more than 492,000 customers in New Mexico.

Residential & Commercial Abstract: 

PNM Resources [15] is a member of the Business Environmental Leadership Council (BELC), the largest U.S.-based association of companies dedicated to business and policy solutions to climate change. PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2006 consolidated operating revenues of $2.5 billion. Through its utility and energy subsidiaries, PNM Resources serves electricity to more than 835,000 homes and businesses in New Mexico and Texas and natural gas to more than 492,000 customers in New Mexico.

Industrial Abstract: 

PNM Resources [15] is a member of the Business Environmental Leadership Council (BELC), the largest U.S.-based association of companies dedicated to business and policy solutions to climate change. PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2006 consolidated operating revenues of $2.5 billion. Through its utility and energy subsidiaries, PNM Resources serves electricity to more than 835,000 homes and businesses in New Mexico and Texas and natural gas to more than 492,000 customers in New Mexico.

Source URL: http://www.c2es.org/business/belc/members/pnm-resources

Links:
[1] http://www.c2es.org/what_s_being_done/in_the_business_community/energy_supply.cfm#PNM
[2] http://www.c2es.org/what_s_being_done/in_the_business_community/processimprovements.cfm#PNM
[3] http://www.c2es.org/what_s_being_done/in_the_business_community/waste_management.cfm#PNM
[4] http://www.c2es.org/companies_leading_the_way_belc/targets#PNM
[5] http://www.c2es.org/climate-techbook
[6] http://www.c2es.org/technology/factsheet/natural-gas
[7] http://www.pnmresources.com/
[8] http://www.c2es.org/database/factsheet/nuclear
[9] http://www.pnm.com/systems/pv.htm
[10] http://www.c2es.org/technology/factsheet/ResidentialBuildingEnd-Use
[11] http://www.pnm.com/rebates/rebates.htm
[12] http://www.pnmresources.com
[13] http://www.pnmresources.com/community/communityandenvironment.cfm
[14] http://www.pnm.com/climate/home.htm?source=1009pnmrcom
[15] http://www.c2es.org/PNM_Company_Profile