Data and Policies

Generation Capacity

Generation Capacity (in MW)⁽¹⁾	2018	2019	2020^₍₄₎	2021	2022	2023
Coal⁽²⁾	762	762	762	762	200	200

Gas⁽³⁾	989	989	1,001	1,001	1,001	1,001

Nuclear	402	402	402	402	402	298

Battery Storage	-	-	-	-	-	170

Solar	137	237	287	287	387	438

Wind	356	356	352	658	658	658

Geothermal	15	15	11	11	11	11

Total Renewable Capacity	427	608	650	956	1,056	1,107

Total Generation Capacity	2,661	2,761	2,816	3,122	2,660	2,776

⁽¹⁾Total Net Generation Capacity of facilities owned, leased or purchased by PNM
⁽²⁾ SJGS Units 2 and 3 retired in 2017, Units 1 and 4 retired in 2022
⁽³⁾ Includes dual fuel oil/gas generators
⁽⁴⁾ Capacity ratings on existing plants were updated

Net Generation

Net Generation (MWh)⁽⁵⁾		2018	2019	2020	2021	2022	2023
	Coal	4,160,727	4,265,222	4,045,720	4,102,346	3,376,291	971,644

	Gas	1,722,484	1,840,249	1,637,626	1,555,321	2,194,702	3,798,251

	Nuclear	3,172,848	3,255,777	3,219,563	3,224,602	3,257,340	2,455,297

	Solar	330,812	382,945	685,964	747,245	948,100	1,356,174

	Wind	716,812	1,018,043	991,099	1,943,838	1,940,018	2,040,908

	Geothermal	13,108	58,082	53,364	50,885	47,073	35,864

	Total Renewable Generation	1,060,732	1,459,070	1,730,427	2,741,968	2,935,191	3,432,946

	Total Generation	10,116,791	10,820,318	10,633,336	11,624,237	11,763,523	10,658,137

⁽⁵⁾ Total Net Generation of facilities owned, leased or purchased by PNM as reported in FERC Form 1

Emissions

Emissions⁽⁶⁾		2018	2019	2020	2021	2022
	GHG Emissions
	Scope 1
	CO2 (short tons)			6,089,088	6,141,633	5,340,199

	CO2 (metric tons)			5,523,928	5,571,596	4,844,547
	Scope 2
	CO2 (short tons)			298,886	326,699	374,167

	CO2 (metric tons)			271,145	296,376	339,439

	Non-GHG Emissions
	NOx (short tons)	5,458	5,078	4,956	4,973	3,868

	NOx (metric tons)	4,951	4,607	5,085	4,511	3,509

	SO2 (short tons)	1,090	1,251	1,079	911	716

	SO2 (metric tons)	989	1,135	995	826	650

	PM10 (short tons)	149	187	191	179	205

	PM10 (metric tons)	135	170	198	162	186

	Mercury (pounds)	5.07	3.60	4.42	5.20	5.21

	CO2 Emission intensity (short tons/MWh)	0.61	0.59	0.57	0.52	0.46

	CO2 Emission intensity (metric tons/MWh)	0.55	0.53	0.52	0.47	0.42
⁽⁶⁾ Emissions from PNM-owned generation only

Water

(million U.S. gallons)	2018	2019	2020	2021	2022
Surface Water Withdrawal	2,544	2,537	2,440	2,462	2,034

Surface Water Return Flow	0	0	0	0	0

Total Surface Water Consumption	2,544	2,537	2,440	2,462	2,034

Ground Water Withdrawal	516	328	331	331	459

Ground Water Return Flow	0	0	0	0	0

Total Ground Water Consumption	516	328	331	331	459

Total Fresh Water Withdrawals	3,060	2,865	2,771	2,771	2,493

Total Water Return Flows	0	0	0	0	0

Total Water Consumption	3,060	2,865	2,771	2,771	2,493

Coal Combustion Residuals (CCR)

	2018	2019	2020	2021	2022
CCR Generated (tons)	1,501,770	1,770,572	1,689,048	1,607,963	1,604,423

CCR Recycled (tons)	540,599	632,514	547,981	298,330	217,876

Percentage Recycled	36.0%	35.7%	32.4%	18.5%	13.6%

Energy Efficiency

Annual Electricity Savings (GWh)	2018	2019	2020	2021	2022
PNM	72	65	87	107	104

TNMP	17	16	17	19	18

Reliability Indices

	2018	2019	2020	2021	2022
PNM
SAIDI	107.3	103.4	89.2	97.5	101.3

SAIFI	0.98	0.89	0.71	0.82	0.78

CAIDI	109	116.5	125.1	119.2	129.8

TNMP
SAIDI	113.5	131.7	134.5	131.2	134.7

SAIFI	1.73	1.54	1.48	1.49	1.83

CAIDI	65.9	85.6	88.7	92.6	73.7

Safety

	2018	2019	2020	2021	2022
Employee DART Rate	1.83	1.13	1.63	2.81	1.6

Total Employee Recordable Incident Rate (TRIR)	2.37	1.88	2.7	3.9	2.2

Employee Lost Time Incident Rate (LTIR)	0.81	1.00	1.07	2.17	1.2

Employee Fatalities	0	0	0	0	0

Employees

Includes PNM Resources, PNM & TNMP	2018	2019	2020	2021	2022
Total Employees	1,689	1,668	1,706	1,646	1.537

Number of Employees (full time)	1,684	1,667	1,703	1,643	1.532

Number of Employees (part time)	5	1	3	3	5

% of union employees	39.4%	39.6%	39.0%	38.7%	33.7%

% of women employees	25.6%	25.6%	26.1%	26.3%	28.4%

% of minority employees	49.3%	50.1%	50.4%	52.0%	53.1%

% of veteran employees	9.1%	8.5%	8.5%	8.5%	7.8%

Total company officers	8	8	10	10	8

Number of women company officers	2	2	3	3	5

Number of minority company officers	1	1	2	2	2

Number of employees at risk for retirement	9.8%	12.8%	12.0%	12.0%	8.0%

Annual employee turnover	10.2%	11.8%	7.6%	13.8%	13.4%

Customers and Community

PNM Customers	2018	2019	2020	2021	2022
Residential	470,192	473,803	479,112	481,706	486,120

Commercial	57,000	57,369	57,669	58,250	58,467

Industrial	236	201	194	195	192

Economy service	1	1	1	1	1

Other sales for resale	39	26	19	26	28

Other	932	930	935	953	1,001

Total	528,400	532,330	537,930	541,131	545,811

TNMP Customers	2018	2019	2020	2021	2022
Residential	210,696	213,435	217,511	222,072	226,153

Commercial	40,508	41,054	41,267	41,501	41,806

Industrial	88	96	97	99	99

Other	1,924	1,911	1,901	1,893	1,886

Total	253,216	256,496	260,776	265,565	269,944

	2018	2019	2020	2021	2022
Corporate giving, including donations	$1,899,000	$2,461,747	$3,301,938	$4,589,521	$3,024,441

PNM Resources Foundation giving	$1,656,375	$1,561,731	$1,237,730	$1,472,632	$1,200,000

Total charitable giving	$3,555,375	$4,023,478	$4,539,668	$6,062,153	$4,224,441

PNM Low-income assistance provided (families helped)	3,703	3,734	3,477	4,147	3,488

Number of organizations helped	442	455	358	341	400

Employee volunteer hours	11,500	13,317	6,500	8,741	9,171

Financial Performance

	2018	2019	2020	2021	2022
Total revenue (in thousands)	$1,436,613	$1,457,603	$1,523,012	$1,779,873	$2,249,555

GAAP EPS - Diluted	$1.07	$0.97	$2.15	$2.27	$1.97

Ongoing EPS - Diluted⁽⁸⁾	$2.00	$2.16	$2.28	$2.45	$2.69

Dividends Declared per Common Share	$1.0850	$1.1775	$1.2500	$1.3300	$1.4100

⁽⁸⁾ see reconciliation of GAAP EPS to Ongoing EPS at www.pnmresources.com/investors/financial-information/quarterly-reports.aspx

Governance

	2018	2019	2020	2021	2022
Total board members	8	10	9	9	9

Women board members	3	4	4	4	4

Minority board members	1	2	2	2	2

Board meetings held	10	9	16	8	6

Average board attendance	100%	97.80%	75%	100%	100%

Political Contributions and Lobbying

	2018	2019	2020	2021	2022
Political contributions	$7,050	$35,500	$5,600	$10,000	$35,000

Lobbying Portion of Trade Association Dues	$139,064	$176,033	$178,624	$840,190	$946,594

Supplier Spend

(in thousands)	2018⁽⁷⁾	2019⁽⁷⁾	2020⁽⁷⁾	2021⁽⁷⁾	2022⁽⁷⁾
Total Supplier Spend	$789,165	$669,408	$683,004	$791,934	$846,485

Total Small Business Spend	$149,662	$158,422	$172,756	$238,392	$221,295

Veteran Owned Small Businesses Spend	$4,826	$3,436	$7,837	$9,909	$8,216

Service Disabled Veteran OSB Spend	$1,016	$4,495	$5,005	$3,300	$1,499

Women Owned Small Businesses Spend	$28,087	$27,687	$26,494	$35,690	$53,953

Small Disadvantaged Businesses Spend	$8,677	$13,103	$9,462	$12,209	$12,886

Hub Zone Small Businesses Spend	$934	$8,437	$7,031	$10,217	$8,532

⁽⁷⁾Spend based on the General Services Agency fiscal year which runs from Oct 1 of the previous year – Sept 30 of the reporting year.

Taxes

	2018	2019	2020	2021	2022
Federal taxes
Heavy Highway Vehicle Use	$9,194	$5,428	$6,256	$3,038	$8,626

Federal excise tax	$29,757	$33,938	$10,918	$133,045	$104,797

FICA (Employer)	$12,213,670	$12,530,941	$12,840,541	$13,282,189	$13,920,131

Federal unemployment tax	$78,471	$78,116	$41,271	$78,441	$80,402

Total Federal Taxes	$12,331,093	$12,648,422	$12,898,986	$13,496,713	$14,113,956

State Property Tax
New Mexico	$27,930,032	$29,044,654	$28,942,137	$29,873,653	$32,281,960

Arizona	$4,604,969	$4,514,834	$4,474,613	$4,139,194	$4,208,376

Texas	$14,401,928	$15,816,354	$16,271,611	$19,489,131	$22,257,435

Gross Receipts/Sales Tax
New Mexico	$66,606,182	$66,787,559	$72,148,849	$77,256,821	$74,674,898

Texas	$3,490,715	$4,262,462	$1,912,392	$2,903,415	$4,467,144