PNM Resources, Inc.

PNM Resources, Inc.

PNM Resources, Inc.

Date Founded



414 Silver Avenue SW,4th floor,Albuquerque, NM 87102-3289

Type of Company


Employees (Worldwide)



Power & Utilities
Other Business & Consulting Services

Company Description

Based in Albuquerque, N.M., PNM Resources is an energy holding company with 2011 consolidated operating revenues of $1.3 billion. Through its utilities - PNM and TNMP, PNM Resources serves electricity to nearly 730,000 homes and businesses in New Mexico and Texas. Our generation capacity of more than 2,530 megawatts reflects a balanced mix of coal, natural gas, nuclear, wind and solar generation

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Executives & Employees

Chairman of the Board, President & Chief Executive Officer of the Company, Public Service Company of New Mexico & Texas-New Mexico Power Company

Senior Vice President & Chief Financial Officer

Secretary, Senior Vice President & General Counsel

Chief Information Officer & Vice President

Chief Accounting Officer, Vice President & Controller

Vice President & Treasurer

Executive Vice President, Corporate Development & Finance

Executive Vice President, Corporate Development & Finance

Senior Vice President, Public Policy

Senior Vice President, Utility Operations

Board of Directors

Chairman, President & Chief Executive Officer at Public Service Co. of New Mexico

Former President & Chief Executive Officer at Cadence Design Systems, Inc.

Founder at Anderson Stratton International LLC

President at Mission Energy Construction Services, Inc.

Managing Partner, Energy Transition at EnCap Investments LP

Partner at Blue Heron Investments LLC

Former Director-Environmental & Safety Division at Sandia National Laboratories

Chair, Strategic Development at United Way of Central New Mexico, Inc.

Partner at Ancora Partners LLC

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PNM Resources, Inc.
Owners & Shareholders
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Zimmer Partners seeks to achieve the clients’ investment objectives primarily through individual security selection based on fundamental research and analysis. Their clients invest primarily in equity securities of electric and gas utilities, integrated utilities, water utilities, telecommunication companies, independent power producers and pipelines, exploration and production companies, oilfield services companies, renewable energy companies, and more broadly in energy and infrastructure-related industries.

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Magnetar Financial implements a variety of different strategies in managing private investment funds and separately managed accounts (SMAs) which designed to achieve attractive risk-adjusted rates of return. Some of the funds and SMAs employ a multi-strategy approach, utilizing a wide range of strategies across a range of geographies, while others focus on one or just a few strategies. It may hold both long and short positions in a broad range of securities, derivatives, and other assets. In executing their investment strategies, the funds and SMAs may enter into joint venture or co-investment arrangements, participate in pooled investment vehicles, invest with affiliated or unaffiliated advisors or managers, or make direct investments in operating entities. The firm’s main investment strategies are divided into the following categories: relative-value, event-driven, directional, hybrid and other investment strategies.

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GAMCO invests in a variety of US and international securities through various investment styles including value, growth, non-market correlated, and convertible securities. They offer a wide spectrum of investment products and strategies under the Gabelli and GAMCO brands covering US equities, US fixed income, global and international equities, and convertible securities using value and growth investment styles, a variety of capitalization sizes, and ESG strategies. The firm’s value portfolio uses fundamental research and bottom-up stock selection to identify undervalued companies whose securities trade at a significant discount to the price that they believe an investor would be willing to pay to acquire such companies. GAMCO also seeks to identify catalysts that might unlock private market value. Their growth portfolio invests in companies with superior growth prospects whose stocks appear undervalued relative to their future earnings stream.

Recent Transactions
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Iberdola SA, Avangrid, Inc. purchase PNM Resources, Inc.

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PNM Resources, Inc. issued USD Common Stock

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PNM Resources, Inc. purchases Delta Person LP from Delta Person GP LLC, BHB Power LLC

Transaction Advisors
Legal Advisor

Advised onContinental Energy Systems LLC purchases PNM Resources, Inc. /Natural Gas Operations from PNM Resources, Inc.

Investment Advisor

Advised onPNM Resources, Inc. purchases TNP Enterprises, Inc.


Advised onPNM Resources, Inc. issued USD Common Stock

Legal Advisor

Advised onContinental Energy Systems LLC purchases PNM Resources, Inc. /Natural Gas Operations from PNM Resources, Inc.

Managing Director

Advised onPNM Resources, Inc. issued USD Common Stock

Investment Advisor

Advised onCentrica Plc, Direct Energy LP purchase First Choice Power Special Purpose LP from PNM Resources, Inc.

Advisors & Consultants

Partner at Troutman Pepper Hamilton Sanders LLP


Senior Counsel at Troutman Pepper Hamilton Sanders LLP


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Key Stats and Financials As of 2020
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Political Donations
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