PNM Resources Completes Sale of Renewable Joint Venture PR Newswire ALBUQUERQUE, N.M., Feb. 27, 2024 ALBUQUERQUE, N.M. , Feb. 27, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) has completed the sale of its 50% ownership interest in its renewable joint venture, New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC. PNM Resources and American Electric Power (AEP), which also owns 50% of NMRD, have agreed to sell the NMRD portfolio for $234 million after customary...