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PNM Resources, Inc. (PNM)

NYSE - NYSE Delayed price. Currency in USD
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49.50-0.01 (-0.02%)
At close: 4:00PM EDT

PNM Resources, Inc.

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

Sector(s)Utilities
IndustryUtilities—Regulated Electric
Full-time employees1,708

Key executives

NameTitlePayExercisedYear born
Ms. Patricia K. Vincent-CollawnChairman, Pres & CEON/AN/A1959
Mr. Joseph D. TarryCFO & Sr. VP841.78kN/A1970
Mr. Patrick V. ApodacaSr. VP, Gen. Counsel & Sec.1.1MN/A1952
Mr. Charles N. Eldred MBAExec. VP of Corp. Devel. & Fin.2.02MN/A1954
Mr. Ronald N. DarnellSr. VP of Public Policy870.52kN/A1958
Mr. Chris M. OlsonSr. VP of Utility Operations765.76kN/A1958
Mr. Michael Patrick MertzVP & Chief Information OfficerN/AN/AN/A
Ms. Lisa GoodmanDirector of Investor RelationsN/AN/AN/A
Ms. Rebecca R. TeagueVP of HRN/AN/AN/A
Ms. Elisabeth A. EdenVP & TreasurerN/AN/A1967
Amounts are as of 31 December 2020, 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. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2020, this segment had owned or leased facilities with a total net generation capacity of 2,168 megawatts; and owned 3,389 miles of electric transmission lines, 6,077 miles of distribution overhead lines, 5,962 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, 2020, this segment owned 983 miles of overhead electric transmission lines, 7,282 miles of overhead distribution lines, 1,348 miles of underground distribution lines, and 110 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 800,000 homes and businesses in New Mexico and Texas. PNM Resources, Inc. was incorporated in 1917 and is headquartered in Albuquerque, New Mexico.

Corporate governance

PNM Resources, Inc.’s ISS governance QualityScore as of 1 July 2021 is 1. The pillar scores are Audit: 5; Board: 1; Shareholder rights: 1; Compensation: 7.

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.