Exhibit 99.1
APPENDIX B
“Request for Waiver” Initial or Optional Cash Investments of More than $10,000 per month”
Threshold Price Set Date | Optional Cash Investments Must be received by | Pricing Period Start Date | Waiver Investment Date | |
| 2006 | June 6 | June 8 | June 9 | June 23 |
| July 5 | July 7 | July 10 | July 24 | |
| August 7 | August 9 | August 10 | August 24 | |
| September 5 | September 7 | September 8 | September 22 | |
| October 5 | October 9 | October 10 | October 24 | |
| November 3 | November 7 | November 8 | November 22 | |
| December 4 | December 6 | December 7 | December 21 | |
| 2007 | January 4 | January 8 | January 9 | January 24 |
| February 1 | February 5 | February 6 | February 21 | |
| March 5 | March 7 | March 8 | March 22 | |
| April 4 | April 9 | April 10 | April 24 | |
| May 4 | May 8 | May 9 | May 23 | |
| June 5 | June 7 | June 8 | June 22 | |
| July 5 | July 9 | July 10 | July 23 | |
| August 7 | August 9 | August 10 | August 24 | |
| September 4 | September 6 | September 7 | September 21 | |
| October 5 | October 9 | October 10 | October 24 | |
| November 6 | November 8 | November 9 | November 26 | |
| December 4 | December 6 | December 7 | December 20 |
PRICING PERIODS ARE AT THE DISCRETION OF PNM RESOURCES, INC. INVESTORS SHOULD NOT RELY SOLELY ON THE ABOVE SCHEDULE AS PRICING PERIODS AND WAIVER INVESTMENT DATES MAY VARY. FOR MORE INFORMATION, PLEASE CONTACT THE PLAN ADMINISTRATOR’S WAIVER DEPARTMENT AT 1-201-680-5300
1