| Business Summary | | Public
Service
Company
of
New
Mexico
is
a
public
utility
primarily
engaged
in
the
generation,
transmission,
distribution,
sale
and
trading
of
electricity
and
the
transmission,
distribution
and
sale
of
natural
gas
within
New
Mexico.
In
addition,
in
pursuing
new
business
opportunities,
the
Company
is
focusing
on
energy-
and
utility-related
services
under
Avistar,
its
wholly
owned
unregulated
subsidiary.
The
Company
has
began
operating
as
three
distinct
business
units:
Utility
Operations,
Generation
and
Trading
Operations,
and
Unregulated
Operations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PNM,
a
public
utility
company,
is
primarily
engaged
in
the
generation,
transmission,
distribution,
and
sale
of
electricity
and
natural
gas
within
the
State
of
New
Mexico.
For
the
six
months
ended
6/30/01,
revenues
totalled
$1.4
billion,
up
from
$650.3
million.
Net
income
applicable
to
Common
totalled
$112.9
million,
up
from
$39.6
million.
Revenues
reflect
increased
wholesale
electric
prices.
Earnings
also
reflect
lower
energy
production
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Jeffry Sterba, 46 Chairman,
Pres, CEO | $686K | R. Flynn, 58 Exec.
VP, Electric and Gas Services | 427K | W. Real, 52 Exec.
VP, Power Production and Energy Services | 409K | M Maerki, 60 Sr.
VP, CFO | 335K | Barbara Barsky, 56 Sr.
VP, Corp. Strategy and Investor Relations | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|