PNM Resources, an energy holding company based in Albuquerque, completed the acquisition of Western Spirit Transmission Project from Pattern Development, for $285m. "This project demonstrates one way New Mexico's renewable potential can be used to advance the state's economy, and it also highlights the critical need for transmission investment to achieve the clean energy future. We support NM RETA's goal to encourage renewable investment in the state and look forward to additional future opportunities," Pat Vincent-Collawn, PNM Resources Chairman, President and CEO.