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SAN JUAN PROJECT RESTRUCTURING AGREEMENT AMONG …

Agreement as the “Participants.” B. As specified in Sections 6.2.1, 6.2.2 and 6.2.3 of the Amended and Restated San Juan Project Participation Agreement dated March 23, 2006 (“SJPPA”), as of the Execution Date, SJGS Unit 1 and Unit 2 are owned by (50%) PNM and TEP (50%); Unit 3 is owned by

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  Agreement, Amended, Restated, Amended and restated

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