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News Release

Sept. 18, 2003

PNM.com Named 'Outstanding Website' by Web Marketing Association

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Albuquerque: PNM today announced that its company web site, PNM.com, was named an "Outstanding Website" by the Web Marketing Association.

The Outstanding Website designation is the second tier of recognition given by the Web Marketing Association's annual WebAwards. PNM competed for this award against other companies in the energy industry. The only higher industry distinction is a "Best of Industry" award, won this year by an Arizona utility.

"It's an honor to receive this award, and we believe it reflects PNM's commitment to customer service and being a good neighbor through effective communication," said Eric Paul, PNM's Web Site Administrator.

PNM.com was re-launched in July 2002 after being extensively revamped to make it easier to use, and to include "My PNM" online services for customers. "My PNM" online provides customers with a range of tools that can help them save time and money by enabling them to track their energy usage from month to month, evaluate how their homes can be made more energy efficient, pay their bills online, and track their monthly billing patterns.

PNM.com also offers a wealth of information on the company, including information about PNM's environmental stewardship efforts, community involvement, charitable activities, investment opportunities, and information about how PNM's gas and electric systems work.

In addition, PNM.com will soon enable customers who wish to demonstrate their commitment to the environment to sign up online for the PNM Sky Blue program. PNM Sky Blue is a voluntary program in which customers can purchase renewable energy for an additional, minimal surcharge. This electricity is generated by the New Mexico Wind Energy Center in eastern New Mexico.

"The goal for PNM.com has always been to make it a useful tool to our customers and our community where they can quickly find the information they are seeking," Paul said.

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.