News Release

Feb. 05, 2008

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

PNM’s LLAVE Group to Award $10,000 in Scholarships to Students Enrolled in College or Vocational Programs

Albuquerque: PNM’s LLAVE organization will award ten $1,000 scholarships to be used for tuition or educational expenses incurred during the 2008 spring and fall semesters at an accredited college, university, technical, vocational or trade school.

Students have until March 14, 2008 to apply. For information about the scholarships and to get an application, call PNM at (505) 241-4293 or download an application and information at llave-nm.org/scholarship.html.

LLAVE scholarships recognize and support academic excellence and leadership. Awards are made based on the student’s commitment to diversity and higher education, involvement in community groups and organizations, personal strengths, demonstrated ability to overcome unique obstacles to be able to receive an education, academic achievement (where applicable) and financial need.

The applicant must be a New Mexico resident and enrolled in or accepted to study at an accredited college, university, community college or vocational school. Applicants who have previously received this scholarship are ineligible.

LLAVE is a nonprofit corporation formed by PNM employees to foster diversity by promoting education and cultural appreciation at PNM and in the community. This is the 13th year that LLAVE has awarded scholarships with funds raised through special events organized by LLAVE members.

PNM is a subsidiary of PNM Resources, an energy holding company based in Albuquerque, N.M.  PNM provides electric utility service to 487,000 customers and natural gas service to 492,000 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.