CORRECTING and REPLACING PNM Seeks Proposals for 2016 Renewable Energy Resources

  CORRECTING and REPLACING PNM Seeks Proposals for 2016 Renewable Energy
  Resources

                          Bids Are Due Jan. 10, 2014

CORRECTION...by PNM Resources

Business Wire

ALBUQUERQUE, N.M. -- November 20, 2013

Throughout the press release dated Nov. 18, 2013, the URL PNM.com/RFP should
be replaced with PNM.com/rfp.

The corrected release reads:

           PNM SEEKS PROPOSALS FOR 2016 RENEWABLE ENERGY RESOURCES

                          Bids Are Due Jan. 10, 2014

PNM, a subsidiary of PNM Resources (NYSE: PNM) and New Mexico’s largest
electric utility, issued a request for proposals (RFP) today for renewable
energy resources totaling 150,000 megawatt-hours produced and delivered to
customers in 2016.

“We are looking for solid proposals that will help us provide affordable and
reliable power to meet state renewable energy requirements,” said PNM Director
of Resources and Planning Pat O’Connell. “A robust, competitive bidding
process helps us identify the best options available to serve our customers
with PNM’s expanding renewable portfolio.”

PNM will consider cost-competitive offers for asset purchases,
design-build-transfer projects or purchased power agreements, in addition to
renewable energy certificate (or REC-only) bids. (RECs are certificates that
document that energy was generated by a renewable resource.)

Projects should be located in or deliver electricity to customers in New
Mexico. REC-only purchases must be from a facility located in New Mexico.
Renewable energy sources sought include wind, solar, geothermal, hydropower
and biomass technologies. Fossil fuel and nuclear resources will not be
considered.

Currently, PNM utilizes both wind and solar to serve customers and has a
proposal for additional wind and solar resources in 2014 and 2015 before state
regulators. Next year, PNM customers will begin receiving geothermal energy
from a newly-constructed facility in southern New Mexico.

Pre-Bid Conference Set for Monday, Nov. 25, 2013

PNM will host a pre-bid conference and live webinar at its headquarters at 414
Silver Ave. SW in Albuquerque, N.M., on Monday, Nov. 25, 2013, from 1 p.m. to
3 p.m. MST for project developers interested in submitting proposals. Details
for participating in the conference online and in person will be posted at
PNM.com/rfp.

How to Participate in the Bid Process

Those who want to participate in the bid process should submit a “Notice of
Intent to Bid” by Tuesday, Dec. 3, 2013, and submit their proposal by Friday,
Jan. 10, 2014. Submissions can only be made using a web link to the request
for proposals online bidding platform, posted at PNM.com/rfp.

Complete information about the RFP and how to participate is posted at
PNM.com/rfp. For additional information or to ask questions, send an email to
renewablerfp@pnmresources.com.

 With headquarters in Albuquerque, PNM is the largest electricity provider in
  New Mexico, serving 500,000 customers in dozens of communities across the
 state. PNM is a subsidiary of PNM Resources, an energy holding company also
      headquartered in Albuquerque. For more information, visit PNM.com.

Contact:

PNM Resources
Susan Sponar, 505-803-1008
susan.sponar@pnmresources.com