News Release

Oct. 1, 2003

Renewable Electricity Now Available Through PNM Sky Blue

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NEWS MEDIA CONTACT Susan Sponar Telephone: (505) 241-2768

Albuquerque: PNM customers who wish to express their commitment to the environment can now do so by purchasing wind-generated electricity through the PNM Sky Blue program.

Wind-generated electricity through PNM Sky Blue became available today, in concert with the official dedication of the New Mexico Wind Energy Center near House, N.M. The new facility is capable of producing up to 204 megawatts of electricity, enough to power more than 94,000 homes.

PNM Sky Blue is a voluntary program that adds a minimal subscription fee to a customer's regular monthly billing amounts. By subscribing to PNM Sky Blue, customers help insure that a portion of the electricity they use is generated from renewable wind energy, without using water and without producing air emissions.

Customers who are interested in subscribing to PNM Sky Blue can do so online by visiting PNM.com, by calling PNM, by visiting a PNM walk-in office or by sending in a form they will find in their October PNM bill.

"We have tried to make PNM Sky Blue easily accessible to our customers who would like to subscribe by offering them a number of ways to enroll in the program," said Cindy McGill, PNM's Vice President of Customer and Market Services. "We know many of our customers are eager to participate in this exciting program."

Home and small business customers can opt to purchase 100 kWh "blocks" of electricity for a flat $1.80 a month, or subscribe for 90 percent of their monthly electric consumption so the amount they pay would depend on the amount of electricity they use.

Commercial and large business customers may purchase renewable energy at several participation levels: 1 percent, 2 percent, 3 percent, 5 percent, 10 percent, 50 percent or 90 percent of their monthly usage. The additional PNM Sky Blue monthly billing amount would rise or fall depending on the customer's actual usage.

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.