Public Service Company Of New Mexico · OTC:PNMXO
Public Service Company Of New Mexico — Investor Presentation (March 2026)
15 slides from Public Service Company Of New Mexico's investor presentation, Mar 11, 2026
Slide 1: 2026 PNM IRP Facilitated Stakeholder Workshop 4
2026 PNM IRP Facilitated Stakeholder Workshop 4 March 11, 2026
Slide 2: Software and Data Base Access
Software and Data Base Access EnCompass can be made available with some limitations: • Organizations will need to select a single individual for access. • PNM computer access agreement and procedures will need to be completed and followed. • Ability to use the software or work with the data structur
Slide 3: Stakeholder Information Available on VENUE
Stakeholder Information Available on VENUE • Resource information tables 2026 IRP Workbook • Nuclear and coal – existing • Est. fuel costs - coal & nuclear • Fixed O&M – existing • Natural gas – existing • Solar - own, existing • Solar & storage - PPA, existing • Geothermal, wind PPA – existing • Ne
Slide 4: Available Information (cont.)
Available Information (cont.) • Modeling Framework and Assumptions 2026 IRP Workbook • Modeling-Financial Assumptions • Futures • Sensitivity cases • ELCC (by Technology) – values added • RPS Requirement • CO2 Emission Targets • Price Multiplier Table (Inflation) SLIDE 4 | March 11, 2026 PNM 2026 IR
Slide 5: Available Information (cont.)
Available Information (cont.) • Commodity price and load tables 2026 IRP Workbook • Load - annual peak demand • Load - annual energy • Hydrogen pricing • Annual Market Energy Prices • Natural gas pricing • Carbon pricing SLIDE 5 | March 11, 2026 PNM 2026 IRP Workshop 4
Slide 6: Available Information (cont.)
Available Information (cont.) • Energy Efficiency and Demand Response Folder (added) • EE and DR Workpapers • Load_Forecast__Feb11_Workshop_Request workbook (added) • Load forecast demand and energy graphs and EV hourly profile data • PNM GETS.pdf • White paper on PNM Grid Enhancing Technologies imp
Slide 7: Sharing Model Results
Sharing Model Results Delayed sharing • Review of initial results has taking longer than expected initial base case • EnCompass base case and output summaries results will be provided on VENUE when available Review results of base case futures and sensitivities in April workshop SLIDE 7 | March 11,
Slide 8: 2026 IRP Framework - Futures & Sensitivities
2026 IRP Framework - Futures & Sensitivities Futures No Current Trends & Policy (CTP) High Economic Growth (HEG) Low Economic Growth (LEG) 1 None None None 2 High Electric Vehicles TOU TOU 3 TOU Extreme Economic Development ETA 400 thru 2044, Zero CO2 by 2045 4 Transmission Project - Rio Sol Transmi
Slide 9: Requests structured around framework.
Requests structured around framework. 1. Select a future 2. Select a Sensitivity 3. Choose Attributes None II. Candidate I. Demand Drivers III. Commodities High Electric Vehicles Resources Current Trends & Policy TOU Transmission Project Rio Sol Transmission Project Sun Zia EE/DR Gas Pricing High Ec
Slide 10: Form for Collecting Stakeholder Scenario Requests
Form for Collecting Stakeholder Scenario Requests • Requesting Stakeholders • Purpose of Scenario • Selected Future • Selected Sensitivity • Attribute to be changed and description SLIDE 10 | March 11, 2026 PNM 2026 IRP Workshop 4
Slide 11: Changes to Inputs
Changes to Inputs Inputs/Attributes that Inputs/Attributes that Static Input/ require time for can be chosen Assumptions adjustment Fuel Prices Natural gas (low) Candidate DSM resources Futures (CTP, HEG, LEG) Natural gas (mid) - EE Bundles Natural gas (low) - DR Potential Programs Candidate resourc
Slide 12: Questions from Stakeholders
Questions from Stakeholders • Energy and capacity projections, 2025-2046, stacked bar chart by components – • Added on Venue before March 5 Office Hours meeting • Workshop #3, Slide 17, demand or supply? What are the acronyms? • Hourly Demand Shape – typical peak day. • PV – Rooftop Solar • Res – Re
Slide 13: Questions from Stakeholders
Questions from Stakeholders • I have a question regarding the list of modeling parameters on Workshop 3 slide 26, “Beginning 2045 La Luz, Lordsburg and any new gas CT’s include H2 burn conversion cost and utilize H2 as fuel”. That adds up to 518MW of capacity. Since only green H2 would meet the ETA
Slide 14: Questions
Questions SLIDE 14 | March 11, 2026 PNM 2026 IRP Workshop 4
Slide 15: SLIDE 15 | March 11, 2026 PNM 2026 IRP Workshop 4
SLIDE 15 | March 11, 2026 PNM 2026 IRP Workshop 4
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