The corrected release reads:

PNM RESOURCES TO HOST INVESTOR CONFERENCE CALL JAN. 15, 2008

PNM Resources (NYSE: PNM) will host a conference call at 9 a.m. EST on Tuesday, Jan. 15, 2008, to discuss potentially material information.

Speaking on the call will be Jeff Sterba, PNM Resources chairman, president and CEO, and Chuck Eldred, executive vice president and CFO.

Investors, analysts and other participants can listen to the live conference call by dialing (877) 627-6582 (toll free) or (719) 325-4879 (toll) five to 10 minutes prior to the event and referencing “the PNM Resources conference call.” A telephone replay will be available through midnight Jan. A live Web cast of the conference call will be available at www.PNMResources.com. Listeners are encouraged to visit the Web site at least 30 minutes before the event to register, download and install any necessary audio software. A recording of the Web cast will be available for 30 days and a transcript of the call will be posted as soon as possible.

About PNM Resources

PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2006 consolidated operating revenues of $2.5 billion. Through its utility and energy subsidiaries, PNM Resources serves electricity to approximately 835,000 homes and businesses in New Mexico and Texas and natural gas to nearly 490,000 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 unregulated energy technology company. With generation resources of more than 2,650 megawatts, PNM Resources and its subsidiaries market power throughout the Southwest, Texas and the West. In addition, the joint venture in which the company has a 50-percent ownership owns approximately 920 megawatts of generation. For more information, visit www.PNMResources.com.