PNM Declares Preferred Dividend
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--
The Board of Directors of PNM, a subsidiary of PNM Resources (NYSE:
PNM), has declared the regular quarterly dividend of $1.145 per share on
the 4.58 percent series of cumulative preferred stock. The preferred
stock dividend is payable Jan. 17, 2011, to shareholders of record at
the close of business Jan. 3, 2011.
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Background:
PNM Resources (NYSE: PNM) is an energy holding company based in
Albuquerque, N.M., with 2009 consolidated operating revenues from
continuing operations of $1.6 billion. Through its utility and energy
subsidiaries, PNM Resources has more than 2,710 megawatts of generation
resources and serves electricity to more than 875,300 homes and
businesses in New Mexico and Texas. The company also has a 50-percent
ownership of Optim Energy, which owns nearly 1,200 megawatts of
generation resources. For more information, visit the company's Web site
at www.PNMResources.com.

PNM Resources
Analysts
Gina Jacobi, 505-241-2211
Director,
Investor Relations
or
Analysts & Media
Frederick
Bermudez, 505-241-4831
Source: PNM Resources
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