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PNM Resources, Inc. (PNM)


NYSE - NYSE Delayed Price. Currency in USD
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PNM Resources, Inc.

414 Silver Avenue SW
Albuquerque, NM 87102
United States
505-241-2700
http://www.pnmresources.com

SectorUtilities
IndustryDiversified Utilities
Full Time Employees1,814

Key Executives

NameTitlePayExercisedAge
Ms. Patricia K. Vincent-CollawnChairman, Chief Exec. Officer and Pres2.44MN/A58
Mr. Charles N. Eldred MBAChief Financial Officer and Exec. VP1.2M18.2k63
Mr. Patrick V. ApodacaSr. VP, Gen. Counsel and Sec.678.34kN/A65
Mr. Ronald N. DarnellSr. VP of Public Policy559.56kN/A59
Jimmie BlotterDirector of Investor Relations and Shareholder ServicesN/AN/AN/A
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment is primarily involved in the generation, transmission, and distribution of electricity. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2016, this segment had owned or leased facilities with a total net generation capacity of 2,481 megawatts; and owned 3,200 circuit miles of electric transmission lines, 6,060 miles of distribution overhead lines, 5,789 cable miles of underground distribution lines, and 269 substations. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2016, this segment owned 978 circuit miles of overhead electric transmission lines, 7,111 pole miles of overhead distribution lines, 1,209 circuit miles of underground distribution lines, and 115 substations. The company serves approximately 767,000 residential, commercial, and industrial customers, as well as end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1917 and is headquartered in Albuquerque, New Mexico.

Corporate Governance

PNM Resources, Inc.’s ISS Governance QualityScore as of June 2, 2017 is 1. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 1; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.