General InformationPNM (Public Service Company of New Mexico) is a publicly traded electric utility headquartered in Albuquerque, New Mexico, serving over 550,000 customers with more than 1,000 employees, founded in 1927.
Funding & FinancialsAs a public company trading on NYSE under ticker PNM, PNM raises capital through debt and equity markets rather than venture funding; current market capitalization reflects investor valuation of the regulated utility.
Leadership & TeamHeaded by CEO Pat Vincent-Collawn, a seasoned utility executive with decades of experience in the energy sector; leadership team includes experienced utility operations and finance professionals.
Recent ActivityPNM has announced major renewable energy expansion initiatives and grid modernization projects, including retiring coal-fired generation capacity and investing in solar, wind, and battery storage systems to meet clean energy goals.