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NEW MEXICO PUBLIC REGULATION COMMISSION ISSUES ORDER OF CONTINUANCE FOR FACEBOOK/GREATER KUDU, LLC, AND PUBLIC SERVICE COMPANY OF NEW MEXICO

(SANTA FE, NM—JUNE 23)—The New Mexico Public Regulation Commission (PRC) today issued an order of continuance for Greater Kudu, LLC, a subsidiary of Facebook, and Public Service Company of New Mexico (PNM), in their Application for Approval of Two Purchased Power Agreements and an Energy Storage Agreement, requesting they modify their Agreement to be fair to other PNM customers in New Mexico.

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