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Investor Presentaiton

TNMP Infrastructure Investment Investment driven by Economic Growth • • Rapid demand-based load growth over recent years in the Commercial and Industrial classes drives need for increased electrification and reliability / system upgrade investments System-wide transmission investments coordinated within ERCOT regional planning groups $ Millions TNMP Annual Investment Plan Historical Growth $425 $160 $90 $40 • Texas continues to be one of the fastest-growing economies in the nation 2007 2012 2017 2022 • Home to 49 Fortune 500 corporate headquarters Top-ranked state (1) for investment trends in infrastructure projects and corporate end-user facility projects Diverse service territory mitigates industry risk " North/Central Texas: adjacent to Dallas/Fort Worth, TNMP load profile split between Residential and Commercial customers Gulf Coast: regional economy driven by oil refining and petrochemical industries, ~60% of TNMP revenues in this region from Residential customers West Texas: driven by oil & gas, ~50% retail transmission customers (transmission cost recovery trued up twice per year) TNMP Revenues by Region North/ ° Amarillo Central TX ~35% West Texas ~15% El Paso TNMP Service Area Dallas Austin Houston San Antonio * Gulf Coast ~50% (1) Global Groundwork Index published by Site Selection Magazine, 2021 PNMResour sources 25
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