TXNM Energy, Inc. is an energy holding company that delivers electricity to over 800,000 homes and businesses across Texas and New Mexico. The company operates through two primary subsidiaries: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).
PNM is the retail electric utility serving customers in New Mexico, providing electricity and related services to residential, commercial, and industrial customers. TNMP, on the other hand, is a transmission and distribution service provider that delivers electricity to over 270,000 homes and businesses in Texas on behalf of retail electric providers.
The company recently underwent a name change from PNM Resources to TXNM Energy, which became effective in August 2024. This rebranding reflects the company's expanded geographic footprint and its commitment to serving customers in both Texas and New Mexico. While the company name has changed, its operations and subsidiaries remain the same.
TXNM Energy plays a crucial role in providing reliable and affordable electricity to its customers. The company is also involved in various initiatives to promote renewable energy and energy efficiency, contributing to a sustainable energy future for the region. As a regulated utility, TXNM Energy operates under the oversight of state regulatory bodies, which ensures fair pricing and reliable service to customers.