utility in new mexico . for other uses see pnm disambiguation . this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . september 2014 learn how and when to remove this template message pnm headquarters at alvarado plaza in albuquerque pnm resources nyse pnm is an energy holding company based in the u.s. state of new mexico . the acronym pnm by itself usually refers to the pnm resources subsidiary public service company of new mexico described below . headquartered in albuquerque pnm resources has approximately 2 530 megawatts of generation capacity and serves electricity to 498 000 homes and businesses in northern new mexico and parts of west texas . contents 1 primary holdings 1.1 public service company of new mexico pnm 1.2 texas new mexico power company 2 corporate organization and history 3 references 4 external links primary holdings edit this section needs expansion with more info on each subheader . you can help by adding to it . january 2011 public service company of new mexico pnm edit public service company of new mexico is a corporation that is wholly owned by pnm resources . in marketing material it is usually called pnm . headquartered in albuquerque it provides electricity to 413 000 customers in the urbanized or semi urbanized areas in the northern half of the state . elsewhere rural electric cooperatives provide much of the power . pnm maintains approximately 2 000 miles 3 200 km 2 282 miles 3 673 km of electric transmission lines and 7 594 electric distribution lines . pnm is a significant owner of the san juan generation facility a coal fired plant located near farmington new mexico and a 10 % owner in the palo verde nuclear generating facility near phoenix az . pnm also owns and operates several natural gas fired plants throughout the state of new mexico including reeves generating station in albuquerque most of which are used to meet additional demand for electricity in the summer months . pnm employs approximately 2 000 people and has been noted as one of the top companies in the united states for minorities to work for . texas new mexico power company edit texas new mexico power is a corporation that is wholly owned by pnm resources . it is a regulated electric utility operating in texas . corporate organization and history edit pnm was originally founded in 1917 as the albuquerque gas and electric company . pnm sold the gas part of the business to southern union gas company of dallas in 1949 . these sold portions became the gas company of new mexico . in 1985 however pnm reacquired the gas company of new mexico after southern union gas company reached a settlement stemming from federal anti trust litigation . in 1994 both electric and gas operations began serving customers as pnm . in may 2003 pnm resources utility subsidiary pnm was recognized by the american wind energy association s utility leadership award for pnm s role in creation of the new mexico wind energy center . the award was presented at the national wind energy conference in austin texas . 1 in 2008 pnm sold new mexico gas to continental energy a company backed by the private equity firm lindsay goldberg . it was later acquired by teco energy . 2 it will soon become a division of halifax canada based emera when its acquisition of teco energy closes by mid 2016 . 3 references edit pnm honored for role in wind energy project . poole claire 2013 05 29 . teco energy pays 950m for new mexico gas . the deal pipeline . retrieved 2015 02 14 . tampa bay times tampa electric announces its sale to canadian company emera september 4 2015 . external links edit official website public service company of new mexico official website retrieved from https en.wikipedia.org w index.php title pnm resources & oldid 736744003 categories companies based in albuquerque new mexicocompanies listed on the new york stock exchangenatural 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