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Texas-New Mexico Power history
Texas-New Mexico Power company history timeline
It also briefly operated businesses in natural gas, ice, telephone, sewer, creameries and bottling, among others, but disposing of those businesses began before – and continued after – 1935.
Western Energy and Supply Transmission Associates (WEST), an organization serving nine western states forms in 1964.
Construction on the plant starts in 1966.
1984: TNP Enterprises is formed as a holding company for TNMP to allow diversification of business endeavors while keeping the utility operation independent.
PNM acquired a 13 percent ownership in two generating units of the plant, the first step in WEST's ambitious goal of creating 36-million kilowatts of new electrical capacity by 1985 to meet projected demand.
2002: The Texas deregulated market begins.
2005: TNP Enterprises, including TNMP, is acquired by PNM Resources.
2006: TNMP's New Mexico business, including the electric system, work force and customer pricing and billing responsibilities, is moved into its sister company in New Mexico, making TNMP a Texas-only business.
2008: TNMP's headquarters moves from Fort Worth to Lewisville.
Pat Vincent-Collawn becomes CEO replacing Jeff Sterba when he retired in March 2010.
PNM Resources has a solid reputation for shareholder value, customer satisfaction and service reliability. It is publicly traded on the New York Stock Exchange as PNM. In 2020, its consolidated operating revenues totaled $1.5 billion.
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Texas-New Mexico Power competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Sharyland Utilities | 1999 | $73.0M | 50 | - |
| Inter-County Energy | 1937 | $48.0M | 62 | 3 |
| Western Massachusetts Electric Company | - | $484.2M | 200 | - |
| Mt. Wheeler Power | 1963 | $50.0M | 37 | - |
| Oncor Electric Delivery | 2001 | $4.3B | 4,000 | - |
| El Paso Electric | 1901 | $862.0M | 1,100 | - |
| NIPSCO | - | $2.4B | 2,000 | - |
| Pepco Holdings | 1896 | $23.0B | 1,429 | - |
| NV Energy | 1928 | $3.0B | 2,500 | 15 |
| SoCalGas | 1867 | $3.8B | 8,178 | - |
Texas-New Mexico Power history FAQs
Zippia gives an in-depth look into the details of Texas-New Mexico Power, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Texas-New Mexico Power. The employee data is based on information from people who have self-reported their past or current employments at Texas-New Mexico Power. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Texas-New Mexico Power. The data presented on this page does not represent the view of Texas-New Mexico Power and its employees or that of Zippia.
Texas-New Mexico Power may also be known as or be related to Texas-New Mexico Power, Texas-New Mexico Power Co, Texas-New Mexico Power Company and Texas-new Mexico Power (tnmp).