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PNM Declares Preferred Dividend

  PNM Declares Preferred Dividend

Business Wire

ALBUQUERQUE, N.M. -- December 6, 2013

The Board of Directors of PNM, a subsidiary of PNM Resources (NYSE: PNM), has
declared the regular quarterly dividend of $1.145 per share on the 4.58
percent series of cumulative preferred stock. The preferred stock dividend is
payable Jan. 15, 2014, to shareholders of record at the close of business Jan.
2, 2014.

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PNM Resources encourages analysts, investors and other interested parties to
visit www.PNMResources.com and register to automatically receive company
financial information by e-mail or RSS feeds. Once registered, participants
can choose from a menu to automatically receive requested information,
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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 739,000
homes and businesses in New Mexico and Texas. For more information, visit the
company’s Web site at www.PNMResources.com.

Contact:

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