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.
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.
PNM 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
PNM Resourcesis 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.