PNM Resources exits competitive segments in order to concentrate on utility business

摘要

order to concentrate on utility businessnPNM Resources’ decision to sell its retail marketing businessnand almost all of its competitive generation business will repositionnthe company as a “pure-play electric utility” with a strongernbalance sheet and a less risky corporate profile, PNM said Friday.nThe Albuquerque, New Mexico-based holding company willnretain ownership of utilities Public Service Co. of New Mexico,nwhich has 499,000 customers and Texas-New Mexico Power,nwhich has 230,000 customers in Texas.