Public Service Company Of New Mexico · OTC:PNMXO
Public Service Company Of New Mexico — Investor Presentation (April 2025)
15 slides from Public Service Company Of New Mexico's investor presentation, Apr 8, 2025
Slide 1: Pricing Advisory Committee (PRAC)
Pricing Advisory Committee (PRAC) APRIL 8, 2025 - TRANSMISSION ALLOCATORS AP R I L 8 , 2 0 2 5
Slide 2: Pricing Advisory Committee Agenda
PRICING ADVISORY COMMITTEE AGENDA APRIL 8, 2025 • PRAC website https://www.pnm.com/PRAC calendar, meeting materials, registration • Brief introductions (PNM) • PNM’s transmission allocator support and recap (PNM) • Open discussion (all) • Next PRAC meetings (PNM/all) S L I D E 2 | A P RI L 8 , 2 0 2
Slide 3: 3S1W versus 12CP Transmission Allocation
3S1W VERSUS 12CP TRANSMISSION ALLOCATION Examine Historical Data • System has evolved where less than half of the total transmission is used by PNM retail, since a significant portion of PNM transmission system demand is driven by FERC wholesale transmission customers (i.e., point-to-point and netwo
Slide 4: Slide Overview
SLIDE OVERVIEW Slide 5 – Transmission Map Slide 6 – 2016 PNM firm load Slide 7 – 2016 Path 48 Flows Highest Usage Summer Months Slide 8 – 2024 PNM firm load Slide 9 –2024 Path 48 Flows Highest Usage Non- Summer Months Slide 10 – 2024 Eastern NM Transmission Flows Slide 11 – 2024 PNM Solar Resource O
Slide 5: Transmission Map
TRANSMISSION MAP Negative South to North Flows The lines shown Path 48 transmission cut-in red represent Positive set the primary North to backbone South Flows transmission lines in New Mexico. Positive West to East Negative Lower-voltage Flows West to East lines, depicted Flows in green and blue, s
Slide 6: 2016 - PNM Firm Load
2016 - PNM FIRM LOAD PNM's peak loads are primarily concentrated in the late afternoon and early evening hours during the summer months and one winter month as well. PNMFIRMLoad(MW) Month 1 2 3 4 5 6 7 8 9 10 11 12 1 1312 1096 1076 909 940 1155 1215 1210 1102 975 1175 1139 2 1287 1065 1071 892 921 1
Slide 7: 2016 – Path 48 Flows
2016 – PATH 48 FLOWS Path 48 flows have historically aligned closely with PNM's retail load demands, driven by importing base-load resources from Palo Verde, Four Corners, and San Juan. Path48(MW) Month 1 2 3 4 5 6 7 8 9 10 11 12 1 1312 1096 1076 909 940 1155 1215 1210 1102 975 1175 1139 2 1287 1065
Slide 8: 2024 - PNM Firm Load
2024 - PNM FIRM LOAD Currently, PNM's peak loads are primarily concentrated in the late afternoon during the summer months. PNM FIRM Load (MW) Month 1 2 3 4 5 6 7 8 9 10 11 12 1 1153 1115 1056 982 1001 1170 1163 1204 1091 1022 1113 1184 2 1136 1100 1044 968 975 1127 1121 1166 1056 1002 1096 1166 3 1
Slide 9: 2024 – Path 48 Flows
2024 – PATH 48 FLOWS Path 48 flows no longer align closely with retail loads and now occur year-round, as observed. Path 48 (MW) Absolute Values Month 1 2 3 4 5 6 7 8 9 10 11 12 To better understand 1 2 639 643 601 631 668 646 580 574 631 608 481 495 413 434 474 535 482 507 481 471 492 507 563 607 t
Slide 10: 2024 – Eastern NM Transmission Flows
2024 – EASTERN NM TRANSMISSION FLOWS ENM transmission (MW) Month 1 2 3 4 5 6 7 8 9 10 11 12 1 1119 1437 1504 1402 1217 1024 849 756 836 1158 1289 1437 2 1147 1473 1500 1347 1163 1038 846 675 761 1156 1321 1431 3 1123 1452 1470 1335 1115 987 801 616 705 1130 1338 1404 4 1111 1427 1405 1300 1124 917 7
Slide 11: 2024 – Solar Output
2024 – SOLAR OUTPUT Solar (MW) Month 1 2 3 4 5 6 7 8 9 10 11 12 1 -2 -2 -2 -2 -2 -2 -2 -2 -2 -2 -3 -3 2 -1 -2 -2 -2 -2 -2 -2 -2 -2 -2 -3 -3 3 -1 -1 -2 -2 -2 -2 -2 -2 -2 -2 -2 -3 4 -2 -1 -2 -2 -2 -2 -2 -2 -2 -2 -3 -3 5 -2 -1 -2 -2 -2 -2 -2 -2 -2 -2 -2 -3 6 -2 -2 -2 7 76 88 52 7 -1 -2 -3 -3 7 -2 -1 39
Slide 12: Summary
SUMMARY Historically, investments in the bulk transmission system enabled PNM to expand the delivery of power, primarily from base-load generating resources, to load centers. These investments were closely tied to growth in retail demand, which was largely driven by summer load. In recent years, how
Slide 13: Open Discussion
OPEN DISCUSSION • PRAC comments or concerns • Questions • Initial thoughts on Distribution Allocators Need for change? Recommended changes? S L I D E 1 3 | A PR I L 8 , 2 0 2 5
Slide 14: Next PRAC Meetings
NEXT PRAC MEETINGS • Mid April Subcommittee Meeting for Generation Allocators • May 13 Distribution allocators • Summer break • August 12 – December 9 Default TOD/ Net metering Registration for the remaining 2025 meetings is available on the PRAC webpage S L I D E 1 4 | A PR I L 8 , 2 0 2 5
Slide 15: Slide 15
Public Service Company of New Mexico — Investor Presentation (April 2025) on 6ix