Item 7.01 Regulation FD Disclosure.

On June 29, 2022, PNM Resources, Inc. ("PNMR") issued a press release (the "Press Release") with respect to the Order issued on June 29, 2022, by the New Mexico Public Regulation Commission ("NMPRC") requiring Public Service Company of New Mexico ("PNM"), a wholly-owned subsidiary of PNMR, to issue rate credits related to the retirement of the San Juan Generating Station ("SJGS"). A copy of the Press Release is furnished and attached as Exhibit 99.1 hereto and is incorporated herein by reference.

The information furnished is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 8.01 Other Events.

On June 29, 2022, the NMPRC issued an Order requiring PNM to issue rate credits related to the retirement of SJGS. The Order calls for an immediate reduction to customer rates upon the retirement of each of the two remaining units of SJGS, as described in the Press Release. Following the NMPRC vote to issue the Order, PNM filed an Emergency Motion for a stay of the rate credits pending its appeal. In the filing, PNM indicated that if the NMPRC has not acted upon the Emergency Motion by the time PNM files its Notice of Appeal with the New Mexico Supreme Court ("Court"), PNM will file an emergency motion with the Court seeking an interim stay of the Order.

The Order, and PNM's Emergency Motion filing, will be posted when available at https://www.pnmresources.com/investors/rates-and-filings.aspx.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits.

Exhibit Number              Description

99.1                          Press R    elease, dated June 29, 2922 (furnished not filed)

104                         Cover Page Interactive Data File (embedded within Inline XBRL
                            document).

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