Based in Albuquerque, N.M., PNM Resources is an energy holding company with 2006 consolidated operating revenues of $2.5 billion. Through its utilities - PNM and TNMP - and energy subsidiary - First Choice Power - PNM Resources serves electricity to 835,000 homes and businesses in New Mexico and Texas and natural gas to 490,000 customers in New Mexico.

Our generation resources of 2,650 megawatts reflect a balance mix of coal, natural gas, nuclear and wind generation.

PNM Resources and Cascade Investment, L.L.C., each own 50 percent of a joint venture temporarily called EnergyCo. EnergyCo owns nearly 920 megawatts of generation in the growing Texas' competitive electricity market.