At PNM Resources, our vision, purpose and strategy are built upon a commitment to sustainability and Environmental, Social and Governance principles. Our investment plans are focused on transitioning our generation portfolio at PNM to fully eliminate carbon emissions and investing in the critical transmission and distribution infrastructure needed to support reliable growth and deliver a clean energy future while maintaining affordability. We serve electricity to over 800,000 homes and businesses in New Mexico and Texas through our regulated utilities, PNM and TNMP. PNM has a generation portfolio producing 2,660 megawatts as of December 31, 2022. PNM Resources has committed to achieving carbon-free power generation by 2040 – surpassing the goals of the Paris Climate Agreement. Retired the coal-fired San Juan Generating Station (SJGS) in 2022 after nearly half a century of service, reducing PNM’s resource capacity to less than 10% coal and achieving 2025 interim carbon emission reduction goals ahead of schedule. Increased PNM’s resource portfolio capacity to 40% renewables and 55% carbon-free.