Public Service Company of New Mexico

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About Public Service Company of New Mexico

Public Service Company of New Mexico is an investor owned entity serving the state of New Mexico, including cities like Albuquerque, Rio Rancho, Santa Fe, South Valley CDP, and Alamogordo. At the moment, there are 541,895 customers of the provider. About 0.04% of them are industrial accounts, 10.93% are commercial customer accounts and 89.03% are residential customers. Consumers of Public Service Company of New Mexico purchase residential electricity for, on average, 14.36 cents per kilowatt hour. Unfortunately for their consumers, this rate is above both the New Mexico and nationwide average rates of 13.90 and 14.11 cents per kilowatt hour, respectively. In 2020 the company had retail sales of 8,945,883 megawatt hours and wholesale sales of 8,945,883 megawatt hours. Power generation plants owned by the company produced 73.63% of the megawatt hours sourced by the company and an additional 26.50% was purchased via wholesale channels. Their revenue for 2020 from electricity related activities was $1,140,880,200, with 88.09% coming from retail sales to end users and 6.43% from sales to the wholesale electricity market.

The New Mexico average monthly residential electric bill is $86.42, while the Public Service Company of New Mexico average is 2.57% lower at $83.19 per month. This is the 18th lowest average monthly bill amount for a supplier in the state. Production plants owned by or associated with Public Service Company of New Mexico produce 9,498,652.38 megawatt hours, which is the 136th highest of any provider in the United States. The supplier produces 9,359,742.38 megawatt hours from non-renewable fuel sources a year. This ranks them 113th out of 3509 companies in the nation. The supplier produces a total of 4,317,155.45 megawatt hours from coal usage, which is the 84th most in the US out of 3509 providers.

Public Service Company of New Mexico Net Metering

Offering net metering to consumers is a win-win situation for Public Service Company of New Mexico and any residents who receive their electricity from the company. Without net metering, solar panel installation is significantly less economically realistic, as citizens have no way to sell excess electricity back into the infrastructure system.

Energy Loss

Suppliers routinely submit data for energy lost through electricity transmission to government agencies who track electricity grid efficiencies. Public Service Company of New Mexico recently reported a loss of 7.96% of the electricity generation. These averages allow us to compare and contrast the grid efficiencies of the numerous providers who operate around the nation. Public Service Company of New Mexico has earned a rank of 1336th best out of 3509 providers who report energy loss in the United States and 12th best out of 29 in the state.

Public Service Company of New Mexico Rate & Electric Bills

Public Service Company of New Mexico 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¢Public Service Company of New Mexico's Average residential price per kWh
488th$83.19Average monthly electricity bill for Public Service Company of New Mexico's residential customers

Public Service Company of New Mexico Overview

  • Company Type:Investor Owned
  • Parent Company:PNM Resources
  • Headquarters:414 Silver Avenue Southwest
    Albuquerque, New Mexico 87102
    United States of America
  • CEO:Patricia Collawn

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Quick Facts About Public Service Company of New Mexico

Public Service Company of New Mexico ranks 139th in the United States out of 3509 companies for total electricity generation from natural gas, with production totaling 1,781,633.7 megawatt hours a year.

Public Service Company of New Mexico's power facilities generate 3,245,122.35 megawatt hours from nuclear power, which is the 48th highest out of 3509 suppliers in the United States.

Public Service Company of New Mexico generates 1.46% of their electricity from sustainable fuel sources, which ranks them 414th out of the 3509 companies we track in the United States.

Public Service Company of New Mexico ranks 64th in the nation out of 3509 companies for total megawatt hours produced from solar power sources.

Energy Loss

Public Service Company of New Mexico's energy loss due to business operations.

-7.96%

Total Energy Loss

995,680MWh

1336 National Rank

Public Service Company of New Mexico Energy Makeup

Public Service Company of New Mexico Coverage Map

Coverage Map Placeholder

Public Service Company of New Mexico State Coverage

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

Public Service Company of New Mexico 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 Public Service Company of New Mexico

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
Albuquerque NM Natural Gas 134,98996,441,484.58714.44
Lordsburg NM Natural Gas 34,65620,091,752.66579.75
Meadow Lake Solar Energy CenterPublic Service Company of New Mexico (100.00%)
Meadow Lake CDP NM Solar 24,510
Luna County NM Solar 20,029
Cibola County NM Solar 19,964

Public Service Company of New Mexico Fuel Makeup

COAL
Coal
Coal
Coal
Coal
Coal
45.45%
NUCLEAR
Nuclear
Nuclear
Nuclear
Nuclear
34.16%
NATURAL GAS
Natural Gas
Natural Gas
18.76%
SOLAR
Solar
1.46%
DISTILLATE FUEL OIL
Distillate Fuel Oil
0.17%

Cities Public Service Company of New Mexico Has Coverage

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

Public Service Company of New Mexico Reviews

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Public Service Company of New Mexico FAQ:

How many counties does Public Service Company of New Mexico sell electricity to?

Public Service Company of New Mexico sells electricity to customers in 9 counties throughout the United States.

Who is the CEO of Public Service Company of New Mexico?

Patricia Collawn is the CEO of Public Service Company of New Mexico.

What percentage of Public Service Company of New Mexico's electricity is generated from renewable fuels?

Public Service Company of New Mexico generates 1.46% of their electricity from renewable fuel types.

What is the average bundled bill for Public Service Company of New Mexico customers each month?

Consumers of Public Service Company of New Mexico pay, on average, a monthly bundled bill of $83.19.

What company is Public Service Company of New Mexico owned by?

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

What is the average bundled electricity rate for Public Service Company of New Mexico customers?

Public Service Company of New Mexico's current average bundled electricity rate is 14.36 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 13.90 cents and the average nationwide rate of 14.11 cents.

What percentage of Public Service Company of New Mexico's electricity is produced from nonrenewable fuels?

Electric facilities owned by or associated with Public Service Company of New Mexico produce 98.54% of their electricity using nonrenewable fuel types.

How many power plants are owned by or associated with Public Service Company of New Mexico?

Public Service Company of New Mexico owns or is associated with 18 power plants.

What is the phone number for Public Service Company of New Mexico?

The Public Service Company of New Mexico phone number is (888) 342-5766.

What cities does Public Service Company of New Mexico have customers in to?

Public Service Company of New Mexico provides electricity to 22 cities.

Last Reviewed By: Fernando García
Published: 2022-08-07