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Press release from Business Wire

PNM Declares Preferred Dividend

Tuesday, December 11, 2012

PNM Declares Preferred Dividend16:00 EST Tuesday, December 11, 2012 ALBUQUERQUE, N.M. (Business Wire) -- The Board of Directors of PNM, a subsidiary of PNM Resources (NYSE: PNM), yesterday 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, 2013, to shareholders of record at the close of business Jan. 2, 2013. E-MAIL ALERTS, RSS FEEDS AVAILABLE 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, including news releases, notices of webcasts and filings with the U.S. Securities and Exchange Commission. Participants can unsubscribe at any time and will not receive information that was not requested. Background: PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2011 consolidated operating revenues of $1.3 billion, excluding First Choice Power. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,530 megawatts of generation capacity and serves electricity to more than 730,000 homes and businesses in New Mexico and Texas. For more information, visit the company's Web site at www.PNMResources.com. PNM Resources, Inc.AnalystsTerry Horn, 505-241-2119MediaValerie Smith, 505-241-2892