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PNM Resources to Host Analyst Meeting

PNM Resources' (NYSE: PNM) will host a meeting for institutional investors and analysts Oct. 6, 2005, at the Hyatt Tamaya Resort, just north of Albuquerque.

The meeting will feature presentations by Jeff Sterba, chairman, president and CEO; Doug Hobbs, senior vice president of Customer and Delivery Services and president and CEO of Texas-New Mexico Power Co; Terry Horn, vice president, corporate secretary and acting CFO; Jeff Shorter, senior vice president and president of First Choice Power; and Hugh Smith, senior vice president of Energy Resources.

The meeting is by invitation. Presentation materials will be available the morning of the event on the company's Web site, PNMResources.com. A live audio Web cast is scheduled from 10 a.m. to 3:30 p.m. and will be accessible and archived at PNMResources.com/analyst.

Background
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with consolidated operating revenues of $2.3 billion. Through its utility and energy service subsidiaries, PNM Resources supplies electricity to 733,00 homes and businesses in New Mexico and Texas and natural gas to 470,000 customers in New Mexico. Its utility subsidiaries are PNM and Texas-New Mexico Power. Other subsidiaries include First Choice Power, a deregulated competitive retail electric provider in Texas, and Avistar, an energy research and development company. PNM Resources and its subsidiaries also sell power on the wholesale market in the West. For more information, visit PNMResources.com.

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