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Investor Presentaiton

Transmission and Renewable Expansion in New Mexico Third-party renewable development increases demand for transmission capacity across our system Santa Fe Rio Ranchol ⚫ Albuquerque Belen Las Vegas Clayton Broadview Grady El Cabo Cliff Silver City "Bayard Lordsburg "Deming Ruidoso Tularosa "Alamogordo New Mexico added wind capacity at a faster rate than any other state in 2017 1,682 MW installed capacity, 51% increase over 2016 El Cabo Wind Farm (298 MW) and Broadview Wind Facility (324 MW) added in 2017 • 1,251 MW under construction, including 220 MW Grady Wind Facility Source: American Wind Energy Association, Nov. 2018 PNM Service Area New Mexico ranks 2nd in US for solar potential and 6th for land-based wind potential PNM②Resources 19
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