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Investor Presentaiton

PNM Resources Overview PNM Resources is a regulated electric utility holding company focused on providing environmentally responsible, affordable and reliable electricity to customers and above industry average earnings and dividend growth to shareholders NYSE Ticker: PNM Market Cap: $4.1B Generation Resources and Service Territories San Juan Generating Station Four Corners Power Plant Red Mesa Wind Farm. Reeves Generating Station - Rio Bravo Generating Station Palo Verde Nuclear Generating Station La Luz Energy Center- Valencia Energy Facility New Mexico Wind Luna Energy Facility Lordsburg Generating Station Dale Burgett Geothermal Generating Station Afton Generating Station PNM Service Area TNMP Service Area Solar Photovoltaic Generation • All Other Generation Energy Center PNM M②Resources • Energy holding company • Based in Albuquerque, New Mexico PNM® • Located in New Mexico • 528,399 customers 15,158 miles transmission and distribution lines • 2,681 MW generation capacity TNMP . Located in Texas . 253,216 end-users • 9,408 miles transmission and distribution lines PNM②Resources 4
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