PNM - PNM Resources, Inc.

NYSE - NYSE Delayed Price. Currency in USD

PNM Resources, Inc.

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

SectorUtilities
IndustryUtilities - Regulated Electric
Full Time Employees1,692

Key Executives

NameTitlePayExercisedYear Born
Ms. Patricia K. Vincent-CollawnChairman, Pres & CEON/AN/A1959
Mr. Charles N. Eldred MBAExec. VP & CFO1.71MN/A1954
Mr. Patrick V. ApodacaSr. VP, Gen. Counsel & Sec.728.04kN/A1952
Mr. Ronald N. DarnellSr. VP of Public Policy651.78kN/A1958
Mr. Chris M. OlsonSr. VP of Utility Operations589.51kN/A1958
Amounts are as of December 31, 2018 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, 2018, this segment had owned or leased facilities with a total net generation capacity of 2,102 megawatts; and owned 3,206 miles of electric transmission lines, 6,067 miles of distribution overhead lines, 5,885 miles of underground distribution lines, and 255 substations. It also owns and leases office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2018, this segment owned 997 miles of overhead electric transmission lines, 7,151 miles of overhead distribution lines, 1,260 miles of underground distribution lines, and 122 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 782,000 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 July 29, 2019 is 1. The pillar scores are Audit: 1; Board: 1; 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.