PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M. The company serves more than 880,000 electric customers through its regulated utilities and competitive retail businesses in New Mexico and Texas.

PNM Resources regulated electric utilities are Public Service Company of New Mexico and Texas-New Mexico Power Co. Its unregulated retail business is First Choice Power, an electricity provider in Texas. PNM Resources owns a diversified generation portfolio of more than 2,700 megawatts of capacity including wind, natural gas, coal and nuclear.

In addition, PNM Resources owns a 50-percent share of Optim Energy, a power generation company in Texas competitive market. Optim Energy operates 920 megawatts of generation in Texas North and Houston zones. An additional 275 megawatts are scheduled to come on line in June 2009 when Cedar Bayou Generating Station Unit 4 is completed.

For 2008, PNM Resources had consolidated operating revenues from continuing and discontinued operations of $2.5 billion.