Public Service Company Of New Mexico · OTC:PNMXO

Public Service Company Of New Mexico — Corporate Update (May 2025)

7 slides from Public Service Company Of New Mexico's corporate update, May 13, 2025

  1. Slide 1: Pricing Advisory Committee (PRAC)

    Pricing Advisory Committee (PRAC) MAY 13, 2025 – DISTRIBUTION COSTS ALLOCATORS MAY 1 3 , 2 0 2 5

  2. Slide 2: Pricing Advisory Committee Agenda

    PRICING ADVISORY COMMITTEE AGENDA MAY 13, 2025 • PRAC website https://www.pnm.com/PRAC calendar, meeting materials, meeting registration Support documents for April 8 PRAC meeting are now posted • Follow-up: Review of Minimum Distribution System (“MDS”) study obligations • Follow-up: Response to Sta

  3. Slide 3: Minimum Distribution System (MDS)

    MINIMUM DISTRIBUTION SYSTEM (“MDS”) NM PRC CASE NO. 22-00270-UT • The Final Order (“FO”) adopted the Recommended Decision in relation to MDS. • FO Proposed Recommendation: PNM should be deemed compliant with any directions given the company by the Commission in previous cases concerning the MDS and

  4. Slide 4: Impact of Distribution System Energy Storage on Transmission/Production Costs

    IMPACT OF DISTRIBUTION SYSTEM ENERGY STORAGE ON TRANSMISSION/PRODUCTION COSTS FOLLOW UP ON QUESTION FROM APRIL PRAC • Staff inquired about possible reduction in CP transmission demand allocators for distribution customers with the installation of battery energy storage (BESS) projects such as Rio de

  5. Slide 5: Customer Expense Class Allocator (CUSTEXP)

    CUSTOMER EXPENSE CLASS ALLOCATOR (“CUSTEXP”) • The Final Order (“FO”) in Case No. 22-00270-UT adopted the Recommended Decision related to the CUSTEXP class allocator. • Partial quote from FO, page. 344, Proposed Recommendation: “NM AREA’s objections to PNM’s CUSTEXP allocator should be rejected. The

  6. Slide 6: Summary of PRAC

    SUMMARY OF PRAC • Generation production cost allocations have been reviewed. Although a consensus approach has not been reached, consideration of moving to a two- or three-tiered allocation method that adapts to the probabilistic risks that drive system additions has been discussed. – One last subco

  7. Slide 7: Thanks

    PRICING ADVISORY COMMITTEE Thanks S L I D E 7 | MAY 1 3 , 2 0 2 5

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