PNM RESOURCES INC

PNM Resources is based out of Albuquerque. PNM Resources, Inc. (PNMR) is an investor-owned holding company of energy and energy-related businesses. As of December 31, 2011, PNMR���s primary subsidiaries are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). PNM is a public utility with regulated operations engaged in the generation, transmission, and distribution of electricity. TNMP is a wholly owned subsidiary of TNP Enterprises, Inc. and Subsidiaries (TNP), which is a holding company that is wholly owned by PNMR. TNMP provides regulated transmission and distribution services in Texas. PNMR owns 50% of Optim Energy, which is focused on unregulated electric operations, principally within the areas of Texas covered by Electric Reliability Council of Texas (ERCOT). Operates as an energy holding company based in Albuquerque, NM. PNM, the principal subsidiary of PNM Resources, serves about 471,000 natural gas customers and 413,000 electric customers in New Mexico. The company also sells power on the wholesale market in the western U.S.Whalewisdom has at least 449 Form 4 filings The firm has no submitted 13F filings and does not appear to be an investment advisor.