Data and Policies

Generation Capacity

Generation Capacity (in MW)⁽¹⁾	2019	2020^₍₄₎	2021	2022	2023	2024
Coal⁽²⁾	762	762	762	200	200	200

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

Nuclear	402	402	402	402	298	288

Battery Storage	-	-	-	-	170	632

Solar	237	287	287	387	438	1,478

Wind	356	352	658	658	658	658

Geothermal	15	11	11	11	11	11

Total Renewable Capacity	608	650	956	1,056	1,107	2,147

Total Generation Capacity	2,761	2,816	3,122	2,660	2,776	4,268

⁽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⁾		2019	2020	2021	2022	2023	2024
	Coal	4,265,222	4,045,720	4,102,346	3,376,291	971,644	436,557

	Gas	1,840,249	1,637,626	1,555,321	2,194,702	3,798,251	2,187,225

	Nuclear	3,255,777	3,219,563	3,224,602	3,257,340	2,455,297	2,298,673

	Solar	382,945	685,964	747,245	948,100	1,356,174	2,678,375

	Wind	1,018,043	991,099	1,943,838	1,940,018	2,040,908	1,882,043

	Geothermal	58,082	53,364	50,885	47,073	35,864	26,091

	Total Renewable Generation	1,459,070	1,730,427	2,741,968	2,935,191	3,432,946	4,586,509

	Total Generation	10,820,318	10,633,336	11,624,237	11,763,523	10,658,137	9,508,964

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

Emissions

Emissions⁽⁶⁾		2019	2020	2021	2022	2023
	GHG Emissions
	Scope 1
	CO2 (short tons)		6,089,088	6,141,633	5,340,199	2,876,471

	CO2 (metric tons)		5,523,928	5,571,596	4,844,547	2,609,493
	Scope 2
	CO2 (short tons)		298,886	326,699	374,167	327,502

	CO2 (metric tons)		271,145	296,376	339,439	297,105

	Non-GHG Emissions
	NOx (short tons)	5,078	4,956	4,973	3,868	1,276

	NOx (metric tons)	4,607	5,085	4,511	3,509	1,157

	SO2 (short tons)	1,251	1,079	911	716	245

	SO2 (metric tons)	1,135	995	826	650	222

	PM10 (short tons)	187	191	179	205	124

	PM10 (metric tons)	170	198	162	186	112

	Mercury (pounds)	3.6	4.42	5.20	5.21	3.38

	CO2 Emission intensity (short tons/MWh)	0.59	0.57	0.52	0.46	0.27

	CO2 Emission intensity (metric tons/MWh)	0.53	0.52	0.47	0.42	0.24
⁽⁶⁾ Emissions from PNM-owned generation only

Water

(million U.S. gallons)	2019	2020	2021	2022	2023
Surface Water Withdrawal	2,537	2,440	2,462	2,034	951

Surface Water Return Flow	0	0	0	0	0

Total Surface Water Consumption	2,537	2,440	2,462	2,034	951

Ground Water Withdrawal	328	331	331	459	885

Ground Water Return Flow	0	0	0	0	0

Total Ground Water Consumption	328	331	331	459	885

Total Fresh Water Withdrawals	2,865	2,771	2,771	2,493	1,836

Total Water Return Flows	0	0	0	0	0

Total Water Consumption	2,865	2,771	2,771	2,493	1,836

Coal Combustion Residuals (CCR)

	2019	2020	2021	2022	2023
CCR Generated (tons)	1,770,572	1,689,048	1,607,963	1,604,423	136,023

CCR Recycled (tons)	632,514	547,981	298,330	217,876	4,215

Percentage Recycled	35.7%	32.4%	18.5%	13.6%	3.10%

Energy Efficiency

Annual Electricity Savings (GWh)	2019	2020	2021	2022	2023
PNM	65	87	107	104	86

TNMP	16	17	19	18	16

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	2019	2020	2021	2022	2023	2024
Total Employees	1,668	1,706	1,646	1,537	1,635	1,695

Number of Employees (full time)	1,667	1,703	1,643	1,532

Number of Employees (part time)	1	3	3	5

% of union employees	39.6%	39.0%	38.7%	33.7%	33.0%	34.6%

% of women employees	25.6%	26.1%	26.3%	28.4%	28%	27%

% of minority employees	50.1%	50.4%	52.0%	53.1%	55%	56%

% of veteran employees	8.5%	8.5%	8.5%	7.8%	9%	9%

Total company officers	8	10	10	8	10	10

Number of women company officers	2	3	3	5	5	5

Number of minority company officers	1	2	2	2	4	4

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

Annual employee turnover	11.8%	7.6%	13.8%	13.4%

Customers and Community

PNM Customers	2019	2020	2021	2022	2023	2024
Residential	473,803	479,112	481,706	486,120	490,439	495,101

Commercial	57,369	57,669	58,250	58,467	58,401	58,366

Industrial	201	194	195	192	183	180

Economy service	1	1	1	1	1	1

Other sales for resale	26	19	26	28	29	28

Other	930	935	953	1,001	979	975

Total	532,330	537,930	541,131	545,811	550,032	554,651

TNMP Customers	2019	2020	2021	2022	2023	2024
Residential	213,435	217,511	222,072	226,153	230,316	235,420

Commercial	41,054	41,267	41,501	41,806	41,852	41,938

Industrial	96	97	99	99	105	101

Other	1,911	1,901	1,893	1,886	1,876	1,887

Total	256,496	260,776	265,565	269,944	274,149	279,346

	2019	2020	2021	2022	2023	2024
Corporate giving, including donations	$2,461,747	$3,301,938	$4,589,521	$3,024,441

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

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

PNM Low-income assistance provided (families helped)	3,734	3,477	4,147	3,488	6,769	3,665

Number of organizations helped	455	358	341	400

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

Financial Performance

	2019	2020	2021	2022	2023	2024
Total revenue (in thousands)	$1,457,603	$1,523,012	$1,779,873	$2,249,555	$1,939,198	$1,971,199

GAAP EPS - Diluted	$0.97	$2.15	$2.27	$1.97	$1.02	$2.67

Ongoing EPS - Diluted⁽⁸⁾	$2.16	$2.28	$2.45	$2.69	$2.82	$2.74

Dividends Declared per Common Share	$1.1775	$1.2500	$1.3300	$1.4100	$1.4900	$1.5700

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

Governance

	2019	2020	2021	2022	2023	2024
Total board members	10	9	9	9	9	10

Women board members	4	4	4	4	4	5

Minority board members	2	2	2	2	2	4

Board meetings held	9	16	8	6	10	7

Average board attendance	97.80%	75%	100%	100%	90%	94%

Political Contributions and Lobbying

	2019	2020	2021	2022	2023	2024
Political contributions	$35,500	$5,600	$10,000	$35,000	$25,197	$27,500

Lobbying Portion of Trade Association Dues	$176,033	$178,624	$840,190	$946,594	$187,732	$210,390

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