TXNM Energy, Inc.
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- TXNM Energy, Inc. is an investor-owned holding company that, through its regulated utility subsidiaries Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), generates, transmits, and distributes electricity to approximately 800,000 residential, commercial, industrial, and wholesale customers across New Mexico and Texas. PNM provides integrated electricity services including generation from diverse sources such as coal, natural gas, nuclear, solar, wind, geothermal, and battery storage; transmission; and distribution for retail customers in New Mexico, along with wholesale electricity sales; while TNMP delivers regulated transmission and distribution services at regulated rates to retail electricity providers and interconnecting utilities in Texas. The company maintains a total generation capacity of approximately 2.7 gigawatts, including owned and purchased power resources, and also owns or leases communications equipment, office space, vehicles, energy storage facilities, service facilities, and real estate to support operations. TXNM Energy, founded in 1917 as Albuquerque Gas & Electric Company and headquartered at 414 Silver Avenue SW in Albuquerque, New Mexico, operates exclusively in the regulated electric utility sector with approximately 1,695 employees. In August 2024, the company changed its name from PNM Resources, Inc. to TXNM Energy, Inc.; and in May 2025, it entered into a definitive agreement to be acquired by Blackstone Infrastructure Partners in an all-equity transaction valued at $11.5 billion including net debt, expected to close by mid-2025 pending approvals, providing long-term capital for infrastructure expansion, clean energy integration—such as carbon-free resources supplying over two-thirds of PNM's needs—and support for double-digit demand growth at TNMP. TXNM Energy plans to raise an additional $800 million in equity through private placements prior to closing to fund ongoing growth initiatives.
Powering homes and businesses with reliable, affordable and clean energy: PNM puts forth balanced plan to advance carbon-free future
Powering homes and businesses with reliable, affordable and clean energy: PNM puts forth balanced plan to advance carbon-free future
TNMP Files Comprehensive Rate Settlement
TNMP Files Comprehensive Rate Settlement
TXNM Energy and its Subsidiaries PNM and TNMP Expand Partnership with ISN® to Help Improve Worker-Level Training and Competency
TXNM Energy and its Subsidiaries PNM and TNMP Expand Partnership with ISN® to Help Improve Worker-Level Training and Competency
Public Service Company of New Mexico Declares Preferred Dividend
TXNM Energy Reports First Quarter 2026 Results
SG Americas Securities LLC Has $1.43 Million Holdings in TXNM Energy, Inc. $TXNM
Capricorn Fund Managers Ltd Buys Shares of 88,529 TXNM Energy, Inc. $TXNM
Aberdeen Group plc Reduces Stock Holdings in TXNM Energy, Inc. $TXNM
TXNM Energy (NYSE:TXNM) vs. China Energy Recovery (OTCMKTS:CGYV) Head to Head Comparison
Public Service Company of New Mexico Declares Preferred Dividend
TXNM Energy Reports 2025 Results, Transaction and Regulatory Updates
TXNM Energy Board Declares Quarterly Common Stock Dividend
TXNM Energy gets FERC approval for $11.5 billion Blackstone deal
FERC Authorizes TXNM Energy Acquisition by Blackstone Infrastructure, Finds Transaction Consistent with Public Interest
TXNM Energy, Inc. $TXNM Shares Bought by Credit Industriel ET Commercial
TXNM Energy's 2.8% Yield: Reliable Utility or Risky Bet?
56,029 Shares in TXNM Energy, Inc. $TXNM Purchased by ABC Arbitrage SA