Investor Presentaiton

Abandonment and Securitization Details Abandonment: Requests abandonment of San Juan coal plant after participation agreement and coal supply contracts end June 30, 2022 Securitization: Requests securitization treatment of approximately $361 million: undepreciated investment in San Juan Generating Station, $283 million for which proceeds are available to fund replacement power resources $29 million decommissioning and reclamation costs $20 million job training and severance costs $20 million economic development funds $9 million financing costs PNMResour ources® 15

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