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News Release

Dec. 20, 2002

PNM Shareholders Donate 680 Winter Items for Homeless

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Susan Sponar
Telephone: (505) 241-2768

Albuquerque: PNM shareholders donated more than 680 scarves, mittens, gloves and hats for the homeless this month at the PNM Shareholders' Holiday Dinner. The winter clothes were collected for St. Martin's Hospitality Center.

"PNM shareholders have helped keep members of our community warm this winter with their generosity," said Diane Harrison Ogawa, director of PNM's Community Relations Department.

More than 1,000 New Mexican shareholders and their guests attended the PNM event.

PNM is the principal subsidiary of PNM Resources, an energy holding company based in Albuquerque. PNM provides natural gas service to 441,000 gas customers and electric utility service to 378,000 customers in New Mexico. The company also sells power on the wholesale market in the Western U.S. PNM Resources stock is traded primarily on the NYSE under the symbol PNM.