PNM RES INC

Ticker: TXNM CUSIP: 69349H107 Class: EQTY

Electron Capital Partners, LLC's Holding History (CIK: 0001586986)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016

Shares 175,121 Value ($000) $5,905 Avg Close $31.98 Range $29.22 - $34.07

Q4 2015

Shares 146,830 Value ($000) $4,489 Avg Close $28.66 Range $26.56 - $31.23

Q1 2015

Shares 134,762 Value ($000) $3,935 Avg Close $29.12 Range $27.06 - $31.18

Q4 2014

Shares 183,542 Value ($000) $5,438 Avg Close $28.33 Range $24.81 - $31.60

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	175,121	$5,905	$31.98	$29.22 - $34.07
Q4 2015	146,830	$4,489	$28.66	$26.56 - $31.23
Q1 2015	134,762	$3,935	$29.12	$27.06 - $31.18
Q4 2014	183,542	$5,438	$28.33	$24.81 - $31.60