News Release

July 30, 2008

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NEWS MEDIA CONTACT Kevin Fuller Telephone: (505) 241-2181

PNM Work to Impact Traffic

Albuquerque: PNM will begin required maintenance on natural gas lines at the intersection of Montgomery and Carlisle boulevards on Thursday, July 31 at 9 a.m. Traffic flowing each way through the intersection will be affected. Work is planned, Monday through Saturday, from 7a.m. to 7 p.m. for approximately two weeks. Drivers should avoid the area or expect delays.

PNM workers will be replacing about 60 feet of 12-inch pipe running in several locations through the intersection.

“We understand this will affect traffic flow, but we are committed to getting the work done as quickly as possible and apologize for the inconvenience this needed work may cause,” said Eddie Padilla, PNM vice president of gas operations.

PNM is a subsidiary of PNM Resources, an energy holding company based in Albuquerque, N.M. PNM provides electric utility service to 495,000 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.