This box reflects the type of reading that we obtained from the meter. Actual means the meter reading was obtained in person by a meter reader. Estimated means that for some reason a meter reader was unable to read your meter. Common reasons for an estimated reading include weather, access issues such as locked gates, dogs, or vegetation. Under the New Mexico Public Regulation Commission rules, PNM may only estimate the meter reading two months in a row, at most.

This area reflects the account's meter number(s), as well as the current and previous meter readings.

This is the total energy in kilowatt-hours (kWh) used for the billing period.

The first two blocks are billed up to 450 kWh each, and the 3rd block is billed for any usage in excess of 900 kWh. The price of electricity increases with each consecutive block. The fewer blocks you see on your bill, the lower the average price you are paying for your electricity. The more blocks you see, the more you pay on average. Watching this area on a regular basis will give you indication if there are certain times of the year - like during the summer - when it is best to conserve more in order to better manage your costs, visit PNM.com/save.

Just like prices at the gas pump, fuel costs can vary greatly for utilities. 100% of the fuel cost for traditional resources is included in the Fuel Cost Adjustment of the bill. The costs in this section are not related to customer-owned solar.

Non-Renewable: Covers the actual cost of fuel purchased to generate energy from traditional resources.

Renewable: This line is currently $0 because solar, wind and geothermal generation do not require fuel. The costs to maintain these facilities are recovered in the Renewable Energy Rider.

PNM produces enough wind, solar and geothermal energy resources to power the equivalent of 145,000 PNM residential homes or more than 25 percent of PNM customers. This charge supports our development of these resources and our commitment to a cleaner environment.

This monthly charge helps recover part of PNM's costs associated with the Transportation Electrification Program (TEP) which includes rebates, program administration, marketing, education, and outreach.

This monthly charge helps recover part of PNM's costs to provide electricity to your home as well as customer services. This charge remains the same regardless of how much electricity you use.

The Energy Transition Act (ETA) includes initiatives for early retirement of coal plants to help realize carbon free goals for New Mexico. As part of our plan to provide customers with 100% carbon-free electricity, PNM closed the San Juan Generating Station pursuant to the ETA. All customers will see a monthly "Energy Transition Charge" to recover costs associated with the retirement on their bills. All rights to the Energy Transition Charges are owned by PNM Energy Transition Bond Company I, LLC. This statement is required by a ruling from the New Mexico Taxation and Revenue Department. It is to disclose that PNM is collecting the charges on behalf of PNM Energy Transition Bond Company I, LLC, who will own them.

This pays for energy efficiency programs ¿ such as refrigerator recycling, cooling rebates and lighting discounts, as well as business programs. Determine what energy efficiency programs you might benefit from at pnm.com/save-money-and-energy.

As part of PNM's commitment to serve our customers with affordable 100% carbon-free electricity, PNM closed the San Juan coal plant utilizing New Mexico's landmark Energy Transition Act ("ETA"). The "San Juan ETA Settlement Credit" line on your bill reflects an agreement by PNM that provides our customers with $115 million in bill credits over a one-year period, beginning October 21, 2023. These credits come from the savings of exiting the coal plant.

The Palo Verde nuclear station leases were included in the rates from the 2016 rate change request. The leases expired in the last couple of years. This credit reflects those dollars that were collected via rates even though the leases had expired. The credit is in effect from February 2024 until March or April 2026.

This fee is charged by cities and counties for the use of public rights-of-way to bring electricity to you. It is not charged by all cities and counties in New Mexico, so it only appears on your bill for customers in those areas.

If enrolled in our Budget Billing program, this section will appear on your bill. If the amount shown here is positive and the Budget Bill subscription is cancelled, this is the amount owed to PNM. If the amount here is negative and Budget Billing is cancelled, this is the amount that would be credited toward the next bill. For more information on how our Budget Billing program works, check out pnm.com/budgetbilling

Check this area for information about programs and services that may be of interest to you as well as other news and announcements related to your account.

This box reflects the type of reading that we obtained from the meter. Actual means the meter reading was obtained in person by a meter reader. Estimated means that for some reason a meter reader was unable to read your meter. Common reasons for an estimated reading include weather, access issues such as locked gates, dogs, or vegetation. Under the New Mexico Public Regulation Commission rules, PNM may only estimate the meter reading two months in a row, at most.

This area reflects the account's meter number(s), as well as the current and previous meter readings.

This is the total energy in kilowatt-hours (kWh) used for the billing period.

PNM's 1B rate is a Time-of-Use rate, which means the account is being billed a different cost per kWh, depending on the time of day the electricity is used. On-Peak hours are from 8:00 am to 8:00 pm, Monday through Friday. Off-Peak hours are from 8:00 pm to 8:00 am, Monday through Friday, plus weekends (all day).

Just like prices at the gas pump, fuel costs can vary greatly for utilities. 100% of the fuel cost for traditional resources is included in the Fuel Cost Adjustment of the bill. The costs in this section are not related to customer-owned solar.

Non-Renewable: Covers the actual cost of fuel purchased to generate energy from traditional resources.

Renewable: This line is currently $0 because solar, wind and geothermal generation do not require fuel. The costs to maintain these facilities are recovered in the Renewable Energy Rider.

PNM produces enough wind, solar and geothermal energy resources to power the equivalent of 145,000 PNM residential homes or more than 25 percent of PNM customers. This charge supports our development of these resources and our commitment to a cleaner environment.

This monthly charge helps recover part of PNM's costs associated with the Transportation Electrification Program (TEP) which includes rebates, program administration, marketing, education, and outreach.

This monthly charge helps recover part of PNM's costs to provide electricity to your home as well as customer services. This charge remains the same regardless of how much electricity you use.

The Energy Transition Act (ETA) includes initiatives for early retirement of coal plants to help realize carbon free goals for New Mexico. As part of our plan to provide customers with 100% carbon-free electricity, PNM closed the San Juan Generating Station pursuant to the ETA. All customers will see a monthly "Energy Transition Charge" to recover costs associated with the retirement on their bills. All rights to the Energy Transition Charges are owned by PNM Energy Transition Bond Company I, LLC. This statement is required by a ruling from the New Mexico Taxation and Revenue Department. It is to disclose that PNM is collecting the charges on behalf of PNM Energy Transition Bond Company I, LLC, who will own them.

This pays for energy efficiency programs ¿ such as refrigerator recycling, cooling rebates and lighting discounts, as well as business programs. Determine what energy efficiency programs you might benefit from at pnm.com/save-money-and-energy.

As part of PNM's commitment to serve our customers with affordable 100% carbon-free electricity, PNM closed the San Juan coal plant utilizing New Mexico's landmark Energy Transition Act ("ETA"). The "San Juan ETA Settlement Credit" line on your bill reflects an agreement by PNM that provides our customers with $115 million in bill credits over a one-year period, beginning October 21, 2023. These credits come from the savings of exiting the coal plant.

The Palo Verde nuclear station leases were included in the rates from the 2016 rate change request. The leases expired in the last couple of years. This credit reflects those dollars that were collected via rates even though the leases had expired. The credit is in effect from February 2024 until March or April 2026.

Check this area for information about programs and services that may be of interest to you as well as other news and announcements related to your account.