Public service company of new mexico private company information – bloomberg table d gaskets

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Public Service Company of New Mexico, an electric utility company, engages in the generation, transmission, and distribution of electricity for retail customers in New Mexico. The company generates electricity using coal, nuclear fuel, gas and oil, solar, wind, and geothermal sources. It is also involved in the provision of transmission services to third parties; and the generation and sale of electricity into the wholesale market. The company offers retail electric service to customers in north central New Mexico, including the cities of Albuquerque, Rio Rancho, and Santa Fe, as well as other areas of southern New Mexico; and owns transmission lines interconnected with other utilities in Ne…

Public Service Company of New Mexico, an electric utility company, engages in the generation, transmission, and distribution of electricity for retail customers in New Mexico. The company generates electricity using coal, nuclear fuel, gas and oil, solar, wind, and geothermal sources. It is also involved in the provision of transmission services to third parties; and the generation and sale of electricity into the wholesale market. The company offers retail electric service to customers in north central New Mexico, including the cities of Albuquerque, Rio Rancho, and Santa Fe, as well as other areas of southern New Mexico; and owns transmission lines interconnected with other utilities in New Mexico, Texas, Arizona, Colorado, and Utah. It also owns and leases office and other equipment, office space, vehicles, and real estate. As of December 31, 2017, the company owned or leased generation facilities with a capacity of approximately 2,102 megawatts; 3,200 miles of electric transmission lines; 6,063 miles of distribution overhead lines; 5,828 miles of underground distribution lines; and 254 substations. Public Service Company of New Mexico was founded in 1917 and is headquartered in Albuquerque, New Mexico. Public Service Company of New Mexico is a subsidiary of PNM Resources, Inc.

On July 20, 2017, Public Service Company of New Mexico (PNM) entered into a new term loan facility. The $200.0 million Term Loan Agreement between PNM and JPMorgan Chase Bank, N.A., as lender and administrative agent, and U.S. Bank National Association, as lender, is effective as of July 20, 2017, and has a maturity date of January 18, 2019. PNM used a portion of the proceeds of the PNM Term Loan Agreement to prepay without penalty a $175.0 million term loan agreement with JPMorgan Chase Bank, N.A., dated May 20, 2016. The remaining proceeds were used to reduce short-term borrowings. PNM must pay interest on its borrowing under the PNM 2017 Term Loan Agreement from time to time following funding and must repay all amounts on or before the maturity date. The PNM 2017 Term Loan Agreement includes customary covenants, including a covenant that requires the maintenance of a debt-to-capital ratio of less than or equal to 65%. The PNM 2017 Term Loan Agreement also includes customary events of default. The PNM 2017 Term Loan Agreement has a cross default provision and a change of control provision. If an event of default occurs, the administrative agent thereunder may, or upon the request and direction of the lenders holding a specified percentage of loans shall, declare the obligations outstanding under the PNM 2017 Term Loan Agreement to be due and payable. Such acceleration will occur automatically in the event of an insolvency or bankruptcy default.