PNM Resources, Inc. (PNMR) is an investor-owned holding company of energy and energy-related businesses. PNM is a public utility with regulated operations engaged in the generation, transmission, and distribution of electricity. TNMP is a wholly owned ...
PNM Resources, Inc. (PNMR) is an investor-owned holding company of energy and energy-related businesses. PNM is a public utility with regulated operations engaged in the generation, transmission, and distribution of electricity. TNMP is a wholly owned subsidiary of TNP Enterprises, Inc. and Subsidiaries (TNP), which is a holding company that is wholly owned by PNMR. TNMP provides regulated transmission and distribution services in Texas. PNMR owns 50% of Optim Energy, which is focused on unregulated electric operations, principally within the areas of Texas covered by Electric Reliability Council of Texas (ERCOT). In April 2013, PNMR, through its PNM unit, acquired the entire share capital of Delta Person LP. PNM is an electric utility that provides electric generation, transmission, and distribution service to its rate-regulated customers.