PNM Resources

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About PNM Resources

PNM Resources provides electricity to 9 counties and is considered an investor owned organization. A total of 196 industrial customers, 59,248 commercial accounts and 482,451 residential customer accounts are supplied electricity by the provider. PNM Resources' consumers are billed an average residential electricity rate of 14.36 cents per kilowatt hour. Unfortunately, this is 3.28% more than New Mexico's average rate of 13.90 cents. Approximately 8,945,883 megawatt hours were sold by the supplier to retail accounts in 2020 and 2,556,184 megawatt hours were sold to other providers via whole channels. The electricity sourced by PNM Resources is made up of multiple sources including megawatt hours they produce in their power plants and supplementary megawatt hours purchased via wholesale channels. These categories make up 73.63% and 26.50%, respectively, of all electricity sourced by the company. In 2020, the provider made a total of $1,004,991,900 from retail electricity sales and a total of $73,340,400 on the wholesale electricity market.

Customers of the supplier have an average residential power bill of $83.19. This is 33.95% below the US average bill of $125.95. They rank 361st in the country out of the 3509 companies we track for their ratio of renewable versus non-renewable fuel types used. The provider ranks 32nd in the United States out of 3509 companies for megawatt hours generated from solar energy sources. Electricity production plants owned or managed by the provider use non-renewable fuel sources to generate 92.59% of their total electricity production, or 9,359,742.38 megawatt hours. This amount ranks them at 113th in the US out of 3509 companies.

PNM Resources Net Metering

Consumers of PNM Resources can take advantage of net metering solutions, which is a positive for both parties. The purchase of solar panels and alternative electricity sources is often prohibitively priced for individuals. Net metering allows purchasers of these electricity sources to sell extra electricity back to the electricity company, making the installation of these alternative sources economically viable.

Energy Loss

Providers routinely report energy lost through electricity transmission to government agencies who track infrastructure efficiencies. PNM Resources recently reported a loss of 7.96% of the electricity generation amount. This percentage of loss gives them a ranking of 12th best out of 29 suppliers who report energy loss in the state.

PNM Resources Rate & Electric Bills

PNM Resources residential electric rates are highest in January and the highest average bill is in May.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.159/kWh$0.125/kWh$124.35/mo.$52.52/mo.
2360th14.36¢PNM Resources' Average residential price per kWh
487th$83.19Average monthly electricity bill for PNM Resources' residential customers

PNM Resources Overview

  • Company Type:Investor Owned
  • Parent Company:Avangrid
  • Subsidiary Company:Public Service Company of New Mexico
  • Headquarters:414 Silver Avenue Southwest
    Albuquerque, New Mexico 87103
    United States of America
  • CEO:Patricia K. Collawn

PNM Resources Contact

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Quick Facts About PNM Resources

PNM Resources is 48th in the US out of 3509 companies for total megawatt hours generated from nuclear power.

As the 124th highest producer of electricity in the country, PNM Resources produces 10,109,320.38 megawatt hours of electricity.

PNM Resources produces 4,317,155.45 megawatt hours of electricity from the burning of coal, ranking PNM Resources 84th out of 3509 electricity providers in the United States.

PNM Resources' electricity plants generate 1,781,633.7 megawatt hours from the use of natural gas.

Energy provider of the year for New Mexico, Major Provider Category
Top 3 Largest Producer of Renewable Electricity
New Mexico, Major Provider Category
Claim Award
Energy provider of the year for New Mexico, Major Provider Category
Highest Ratio of Renewable Electricity
New Mexico, Major Provider Category
Claim Award
Energy provider of the year for New Mexico, Major Provider Category
Highest Ratio of Renewable Electricity
New Mexico, Major Provider Category
Claim Award

Energy Loss

PNM Resources' energy loss due to business operations.

-7.96%

Total Energy Loss

995,680MWh

1336 National Rank

PNM Resources Energy Makeup

PNM Resources Coverage Map

Coverage Map Placeholder

PNM Resources State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
New Mexico541,8951,053,579,0001100%

PNM Resources County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Bernalillo County676,444314.47$84.29/mo
Grant County28,185414.89$95.87/mo
Hidalgo County4,178317.09$122.25/mo
Lincoln County20,269418.18$107.79/mo
Luna County25,427416.74$115.83/mo
Otero County67,839416.66$102.75/mo
Sandoval County148,834413.95$78.21/mo
Santa Fe County154,823415.65$92.32/mo
Valencia County76,205415.23$85.22/mo

Power Plants Owned by PNM Resources

PlantCity/CountyStatePrimary Fuel TypeProduction (MWh)Emission (kg)Emissions/MWhToxic Chemical ReleaseClosing Date
Maricopa County AZ Nuclear 31,814,925
San Juan County NM Coal 9,372,7778,930,345,778.21952.8
San Juan County NM Coal 4,716,074.015,152,917,797.391,092.63
Luna Energy FacilitySamchully Power & Utilities 1 LLC (33.40%)Tucson Electric Power (33.30%)Public Service Company of New Mexico (33.30%)
Deming NM Natural Gas 2,933,7951,146,061,192.64390.64
Doña Ana County NM Natural Gas 483,726220,660,250.58456.17
Sandoval County NM Solar 147,238
Torrance County NM Solar 143,199
Albuquerque NM Natural Gas 134,98996,441,484.58714.44
Lordsburg NM Natural Gas 34,65620,091,752.66579.75
Rio Rancho Solar Energy CenterPNM Resources (100.00%)
Albuquerque NM Solar 27,727

PNM Resources Fuel Makeup

COAL
Coal
Coal
Coal
Coal
Coal
42.70%
NUCLEAR
Nuclear
Nuclear
Nuclear
Nuclear
32.10%
NATURAL GAS
Natural Gas
Natural Gas
17.62%
SOLAR
Solar
7.41%
DISTILLATE FUEL OIL
Distillate Fuel Oil
0.16%

Cities PNM Resources Has Coverage

* City coverage generated based on government data. Always verify you can get service from the provider.

PNM Resources Reviews

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PNM Resources FAQ:

How many counties does PNM Resources sell electricity to?

PNM Resources provides electricity in 9 counties in the country.

How much is the average bundled bill for PNM Resources customers each month?

Customers of PNM Resources pay, on average, a monthly bundled bill of $83.19.

What is the average bundled electricity rate for PNM Resources customers?

PNM Resources' current average bundled electricity rate is 14.36 cents per kilowatt hour (¢/kWh), compared to the average New Mexico bundled rate of 13.90 cents and the average US rate of 14.11 cents.

What is the phone number for PNM Resources?

You can reach PNM Resources by phone via (888) 342-5766.

What company is PNM Resources owned by?

PNM Resources is owned by Avangrid.

What percentage of PNM Resources' electricity is generated from renewable fuel sources?

PNM Resources produces 7.41% of their electricity from renewable fuels.

How many power plants are owned by or associated with PNM Resources?

There are 33 power plants owned by or associated with PNM Resources.

What percentage of PNM Resources' electricity is generated from nonrenewable fuel types?

Electric facilities owned by or associated with PNM Resources generate 92.59% of their electricity using nonrenewable fuel sources.

Who is the CEO of PNM Resources?

The CEO of PNM Resources is Patricia K. Collawn.

What cities does PNM Resources provider electricity in?

PNM Resources supplies in 22 cities throughout the US.

Does PNM Resources have any subsidiary companies?

Public Service Company of New Mexico is owned by PNM Resources.

Last Reviewed By: Fernando García
Published: 2022-03-13