Public Service Company of New Mexico (PNM)

The Public Service Company of New Mexico (PNM) is the largest electricity provider in the state, serving approximately 498,700 electricity customers and engaging in wholesale electricity sales. Established in 1917 as the Albuquerque Gas and Electric Co., PNM has been through various transformations, including a shift from natural gas utility to electricity provision. The company's commitment to community development is evident through the PNM Resources Foundation, which has made substantial contributions to non-profit organizations and educators in New Mexico. PNM is a key subsidiary of PNM Resources, an investor-owned energy holding company based in Albuquerque. Operating primarily in the energy and renewable energy sectors, PNM presents an opportunity for investment in the evolving energy landscape of the United States.