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 July 15, 2009, to shareholders of record at the close of business July 1, 2009.

Background:

PNM Resources (NYSE:PNM) is an energy holding company based in Albuquerque, N.M., with 2008 consolidated operating revenues from continuing and discontinued operations of $2.5 billion. Through its utility and energy subsidiaries, PNM Resources has more than 2,700 megawatts of generation resources and serves electricity to more than 884,000 homes and businesses in New Mexico and Texas. The company also has a 50-percent ownership of Optim Energy, which owns approximately 920 megawatts of generation. For more information, visit the company’s Web site at www.PNMResources.com.

PNM Resources
Analysts
Gina Jacobi, (505) 241-2211
or
Analysts & Media
Frederick Bermudez, (505) 241-4831