News Release

March 6, 2007

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

San Juan College Offers PNM Scholarships

Waterflow: San Juan College is now accepting applications for PNM San Juan Generating Station Endowment Scholarships. Applications should be made through the Financial Aid Office at San Juan College by April 1, 2007.

PNM established six scholarships to encourage students to continue their professional development with a special emphasis on careers in the power industry. Applicants must be a resident of San Juan County. Students enrolled in the Renewable Energy Program or in the Industrial Process Operator Program at San Juan College are also encouraged to apply. Two additional scholarships are available for dependents of PNM San Juan Generating Station employees.

For more information about the scholarships, contact Phyllis Henrie, acting director of financial aid for San Juan College, at 566-3323.

PNM supports education in New Mexico through a variety of programs. To learn more about PNM’s commitment to your community, visit PNM.com.

PNM is a subsidiary of PNM Resources Inc., an energy holding company based in Albuquerque, N.M. PNM provides electric utility service to 435,000 customers and natural gas service to 487,000 customers in New Mexico. The company also sells power on the wholesale market in the West. PNM Resources stock is traded primarily on the NYSE under the symbol PNM. For more information, see the company's Web site at PNM.com.