PNM Resources is a public utility holding company based in the United States. Founded in 1917 as the Albuquerque Gas and Electric Company, it has since expanded its operations and presence in the energy sector. The company's headquarters are located in Albuquerque, New Mexico.

PNM Resources primarily operates through its two main subsidiaries: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). PNM is the largest electric utility in New Mexico, serving approximately 790,000 customers across the state. TNMP, on the other hand, is a regulated electricity transmission and distribution service provider, serving more than 255,000 customers in Texas.

The main products and services offered by PNM Resources include the generation, transmission, and distribution of electricity to residential, commercial, and industrial customers. The company also provides energy efficiency programs and renewable energy solutions. In terms of its global operations, PNM Resources primarily focuses on serving customers within the United States.

However, the company has not reported any noteworthy subsidiaries, joint ventures, or partnerships on an international scale. PNM Resources holds a significant market position in the energy sector in New Mexico and Texas. It has established a strong reputation for its reliable and affordable electricity services.

The company faces competition from other utility companies operating within its service regions. In recent years, PNM Resources has made significant strides in expanding its renewable energy portfolio. The company has invested in various wind energy projects and continues to explore opportunities for further expansion.

This shift towards clean energy is aligned with PNM Resources' long-term strategy to reduce carbon emissions and promote sustainability. Currently, PNM Resources is focused on modernizing its grid infrastructure, improving customer experience, and promoting energy conservation. The company has made efforts to increase its renewable energy generation capacity through various initiatives and partnerships.

It continues to seek growth opportunities and adapt to the changing energy landscape. While major events or updates specific to PNM Resources are not available at the moment, the company's commitment to renewable energy and sustainability positions it favorably for future growth within the energy industry