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Through its regulated utilities, PNM and TNMP, TXNM Energy serves electricity to approximately 800,000 homes and businesses in New Mexico and Texas.

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    End of the 20th Century: 1985-2000

    1985

    The firm acquires the Gas Company of New Mexico from Southern Union.

    1990

    PNM president Jerry Geist retires and John Ackerman takes over.

    1994

    The firm brings both its electric and gas operations under the PNM name.

    2000

    Jeff Sterba became PNM president and CEO.

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