PNM Resources, Inc. (PNM)

48.63 +0.17 (+0.35%) At close: 04:00PM EDT

PNM Resources, Inc.

414 Silver Avenue SW
Albuquerque, NM 87102-3289
United States
505 241 2700
https://www.pnmresources.com

Sector(s): Utilities
Industry: Utilities—Regulated Electric
Full-time employees: 1,646

Key executives

Name	Title	Pay	Exercised	Year born
Ms. Patricia K. Vincent-Collawn	Chairman & CEO	N/A	N/A	1959
Mr. Joseph D. Tarry	Pres & COO	871.89k	N/A	1970
Mr. Ronald N. Darnell	Sr. VP of Public Policy	741.67k	N/A	1958
Ms. Elisabeth A. Eden	Sr. VP, CFO & Treasurer	N/A	N/A	1967
Mr. Michael Patrick Mertz	VP & Chief Information Officer	N/A	N/A	N/A
Ms. Lisa Goodman	Director of Investor Relations	N/A	N/A	N/A
Mr. Patrick V. Apodaca	Sr. VP, Gen. Counsel & Sec.	N/A	N/A	1952
Ms. Rebecca R. Teague	VP of HR	N/A	N/A	N/A
Mr. Henry E. Monroy	VP of Regulatory & Corp. Controller	N/A	N/A	N/A

Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

PNM Resources, Inc., through its subsidiaries, provides electricity and electric services 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 engages in the generation, transmission, and distribution of electricity. The segment generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2021, this segment had owned or leased facilities with a total net generation capacity of 2,168 megawatts; and owned 3,426 miles of electric transmission lines, 5,751 miles of distribution overhead lines, 5,765 miles of underground distribution lines, and 250 substations. The segment also owns and leases communication, office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2021, the segment owned 983 miles of overhead electric transmission lines, 7,297 miles of overhead distribution lines, 1,408 miles of underground distribution lines, and 113 substations. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 806,000 residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was incorporated in 1882 and is headquartered in Albuquerque, New Mexico.

Corporate governance

PNM Resources, Inc.’s ISS governance QualityScore as of 1 February 2023 is 1. The pillar scores are Audit: 5; Board: 2; Shareholder rights: 1; Compensation: 1.

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 10 indicates higher governance risk.