Economic Development

Building Opportunity

PNM encourages business growth with our commitment to support multiple programs across New Mexico. We believe that attracting new business and encouraging expansion of existing businesses in the communities we serve takes a unified effort with government, business, nonprofit economic development organizations and local communities. We’re here to work with our customers to identify, develop, and implement energy programs that meet our business customers’ needs and look forward to serving them and innovating business through clean energy solutions and technology. 

Why New Mexico

New Mexico is the land of enchantment and diverse cultures for several reasons. we enjoy nearly 278 days of sunny weather and mild winter seasons which hallows us to take advantage of many outdoor activities throughout the year. Our landscape views across the state are stunning and the vibrancy of our sunsets is breathtaking. We're proud of our very diverse culture and the richness it adds to our communities. New Mexico also offers some of the best culinary delights you'll ever taste. We love our green chile and are proud to have one of our communities named the chile capital of the world. We're also home to many excellent educational institutions and some of the most advance STEM research and development in the nation. These are just a few reasons New Mexicans are proud to be here. You can also learn more about our wonderful state by visiting the NewMexico True and NMPartnership websites. 

Clean Energy Solutions

Our goal is to move New Mexico forward by becoming 100% emissions-free by 2040. Learn more about our progress toward this goal by visiting our Forward Together webpage.

Through clean energy solutions like PNM Sky Blue, PNM Customer Solar Energy program , and PNM Energy Efficiency programs, there is an opportunity for your business to meet your sustainability goals. Learn more about how we’re partnering with customers on clean energy solutions.

How PNM Electric Rates Compare

Knowing how the PNM electric rates compare across several cities in the United States is important to know. Here is some information showing how our electric rates compare across retail, commercial, industrial, and residential segments.

Retail electric rates 

Commercial electric rates

Industrial electric rates 

Residential electric rates

Residential bill comparison


What to Expect

The PNM team has a simple method for assisting customers that want to expand or build in our New Mexico service areas. We will work with you through a single point of contact to identify your business needs by conceptualizing solution possibilities, working out preliminary and viable solutions and identifying the solution details before negotiations and agreements are arranged. This method allows us to share your full savings potential by expanding or building your business in New Mexico.

Help us better understand your electricity needs by completing the Electric Rate & Site Analysis Request Form. Contact us when you’re ready to get started.

How to Get Started

If you are ready to talk with us about your business or get more information, please contact our Economic Development team.

Elisha Saavedra-Torres

Manager, Economic Development

Email: Elisha.Saavedra-Torres@pnm.com 

Phone: (505) 241-2558