Investor Presentaiton
PNM Bills Remain Below National and Regional Averages
Customer bill impacts of
increased investments are
mitigated by:
Load growth reduces
per-customer cost of
new investments
• Energy Imbalance
Market and renewable
investments result in
lower fuel costs
• Retirement/exit from
coal plants and
securitization results
in lower base rates
Pacific Gas & Electric Co. (CA)
Arizona Public Service Co (AZ)
United States Average
Southern California Edison Co (CA)
PacifiCorp (CA)
Nevada Power Co (NV)
Southwestern Public Service Co (TX)
Western Region
San Diego Gas & Electric Co (CA)
Black Hills Colorado Electric, LLC (CO)
Portland General Electric Co (OR)
Idaho Power Co (OR)
Tucson Electric Power Co (AZ)
PacifiCorp (WA)
Southwestern Public Service Co (NM)
Puget Sound Energy Inc (WA)
PacifiCorp (OR)
UNS Electric, Inc (AZ)
Idaho Power Co (ID)
Montana-Dakota Utilities Co (WY)
PacifiCorp (ID)
Avista Corp (WA)
Cheyenne Light Fuel & Power (WY)
Avista Corp (ID)
NorthWestern Energy LLC - (MT) (MT)
Montana-Dakota Utilities Co (MT)
El Paso Electric Co (TX)
Public Service Co of NM (NM)
El Paso Electric Co (NM)
PacifiCorp (UT)
PacifiCorp (WY)
Public Service Co of Colorado (CO)
Sierra Pacific Power Co (NV)
Comparison of Average Residential Bills
Western Region Average Bills by Utility
$84.92 - PNM
]$150.51
$122.21 Current US Avg
-
$111.85 Current Regional Avg
(1) Based on U.S. Energy Information Administration's Residential Rate increases through October 2021
$77.55
$50
$100
$150
PNM Resour
sources
19View entire presentation