TXNM Energy, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. The company is headquartered in Albuquerque, New Mexico and currently employs 1,700 full-time employees. Its segments include PNM, TNMP, and Corporate and other. The PNM segment provides integrated electricity services that include the generation, transmission, and distribution of electricity for retail electric customers in New Mexico. The segment also includes the generation and sale of electricity into the wholesale market to serve its New Mexico retail customers. The TNMP segment provides transmission and distribution services at regulated rates to various REPs that, in turn, provide retail electric service to consumers within TNMP's service area. The segment also provides transmission services at regulated rates to other utilities that interconnect with TNMP’s facilities. The Corporate and Other segment includes TXNM holding company activities.
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