TXNM Energy
energy holding company in the United States
TXNM Energy, Inc. (formerly PNM Resources) is an energy holding company based in Albuquerque, New Mexico. TXNM was founded in 1917 as the Albuquerque Gas and Electric Company. TXNM Energy owns both PNM and Texas - New Mexico Power (TNMP). In 2025, Blackstone Inc.'s infrastructure business agreed to acquire the company for an enterprise value of $11.5 billion.
Headquartered in Albuquerque, TXNM Energy has a diverse energy portfolio and combined with their purchased power resources contribute to a total generation capacity of approximately 2.7 gigawatts and serves electricity to 800,000 residential and business customers across New Mexico and Texas.
Primary holdings
TNMP
Texas-New Mexico Power is a corporation that is wholly owned by TXNM Energy. It is a regulated electric utility operating in Texas. TNMP was sold in a leveraged buyout in 2000. TXNM acquired Texas—New Mexico Power in 2005 and moved the New Mexico properties to TXNM in 2006.
This brief starts where responsible research should: with the source description of “TXNM Energy” as energy holding company in the United States. Everything that follows is an evidence route, not borrowed authority.
Why this record matters
The subject matters to the history & society register because the source frames it as energy holding company in the United States. Its deeper value depends on whether names, dates, institutions and citations support that framing.
The record creator and administrative purpose are central evidence, because official documentation reflects both action and institutional priorities. The source revision retrieved here is dated Mar 11, 2026. The linked authority identifier is Q7119849. 1 of 2 selected statements include explicit references; 2 carry qualifiers and 1 use preferred rank. The first chronological checks are 1917, 2025, 2000 and 2005.
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This entry incorporates text from “TXNM Energy” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.