Investor Presentaiton

San Juan Generating Station Ownership and Participants Unit Total MW PNM PNM Other Participants/Ownership MW Ownership 1 340 170 50% Tucson Electric 50% (170 MW) City of Farmington 8.5% (43 MW) 4 507 392 77.3% Los Alamos County 7.2% (36.5 MW) Utah Associated Municipal Power Systems (UAMPS) 7.0% (35.5 MW) Total 847 562 PNM②Resources 35

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