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News Release

July 3, 2003

PNM Meets Record Demand for Electricity

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Susan Sponar
Telephone: (505) 241-2768

Albuquerque: Sizzling temperatures in New Mexico are producing record highs on the PNM electric system this week.

PNM's electric customers required a record 1,559 megawatts of electricity at 5 p.m. yesterday, surpassing a previous record of 1,456 megawatts set in August 2002. A megawatt is enough electricity to serve 800 average-sized New Mexico homes.

Today's electric demand may surpass yesterday's record, but numbers will not be immediately available. Data on the daily peaks is subject to final verification by PNM system operators.

"PNM owns or has access to enough power to reliably meet today's customer needs. We're also planning for tomorrow's needs as well," said Eddie Padilla, senior vice president of bulk power marketing and development. The company is able to meet customer demand through a combination of long-term resource planning and a generation portfolio that is diverse, stable and competitive, Padilla said.

"Our power plant personnel and system operators work closely together to balance the system and provide for whatever amount of power customers may need," he said.

The company also buys power on the wholesale market when needed to meet customer demand.