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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 Oct. 14, 2011, to shareholders of record at the close of business Oct. 3, 2011.

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Background:

PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2010 consolidated operating revenues of $1.7 billion. Through its utility and energy subsidiaries, PNM Resources has approximately 2,530 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 in Texas. For more information, visit the company's Web site at www.PNMResources.com.

PNM Resources
Analysts
Lisa Eden, 505-241-2691
Media
Frederick Bermudez, 505-241-4831

Source: PNM Resources

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