News Release

Feb. 16, 2010

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NEWS MEDIA CONTACT Don Brown Telephone: (505) 241-2882

PNM Fund Offering Grants to Help Nonprofit Organizations Become More Energy Efficient

Albuquerque: Beginning today and continuing through April 15, nonprofit organizations served by PNM can apply for grants of up to $5,000 each to help themselves become more energy efficient.

The nonprofit PNM Fund, a division of the PNM Resources Foundation, this year will award $250,000 in Reduce Your Use Grants to nonprofits in its service territory to implement energy-saving measures that lower their electric bills and help the environment.

“With the demand for services supplied by so many nonprofits rising, and budgets tightening, the Reduce Your Use Grant represents a unique opportunity for a nonprofit to focus more of its money on what really matters: fulfilling its core mission,” said Diane Harrison Ogawa, executive director of the PNM Resources Foundation.

Grants will be awarded for a variety of projects, including:

• Energy-saving building upgrades,
• Energy-efficient equipment and appliances,
• Environmental education that encourages public participation and awareness, and
• Projects that conserve valuable resources for public use and future generations.

In prior years, funded projects included the replacement of inefficient appliances with Energy Star®-rated appliances, replacement of single-pane windows with double-pane windows, upgrades and updates to lighting systems, and installation of solar photovoltaic panels.

Information on which organizations qualify, how to apply and the application itself all are available online by visiting PNM.com/foundation and clicking on “PNM Reduce Your Use Grants.” Applications must be submitted online by April 15. Recipients will be announced in May.

About PNM Fund
The PNM Fund is a division of the PNM Resources Foundation, a nonprofit established in 1983 to improve the quality of life in communities where the company's customers and employees live and work. Celebrating its twenty-fifth anniversary, the PNM Resources Foundation is a separate nonprofit tax-exempt corporation and was originally endowed by a gift from earnings by shareholders of PNM. No customer funds are part of the endowment. For more information, visit www.pnm.com/fund.