PNM Resources Board Declares Quarterly Common Stock Dividend

  PNM Resources Board Declares Quarterly Common Stock Dividend

Business Wire

ALBUQUERQUE, N.M. -- July 16, 2013

The Board of Directors of PNM Resources (NYSE: PNM) today declared the regular
quarterly dividend of $0.165 per share on itscommon stock, which has an
indicated annual rate of $0.66 per share. The dividend is payable August 15,
2013, to shareholders of record at the close of business August 2, 2013.

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Background:

PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque,
N.M., with 2012 consolidated operating revenues of $1.3 billion. Through its
regulated utilities, PNM and TNMP, PNM Resources has approximately 2,538
megawatts of generation capacity and serves electricity to more than 738,000
homes and businesses in New Mexico and Texas. For more information, visit the
company's website at www.PNMResources.com.

Contact:

PNM Resources
Analysts
Jimmie Blotter, 505-241-2227
Media
Pahl Shipley, 505-241-2782