EASTERN INTERCONNECT
PROJECT
ASSET FACT SHEET
ASSET SNAPSHOT
Asset
Electric Transmission
Location New Mexico, USA
Lessee Public Service Co. of
New Mexico (PNM)
Acquisition Date June, 2011
Lease
Triple-net
Lease Expiration April, 2015
DISCLAIMER Past performance is no guarantee
of future results. Total return and market value will
fluctuate so that shares, when sold, may be worth
more or less than their original cost. Performance
is for the stated time period only. Due to market
volatility, current performance may be lower or
higher than the figures shown.
Leverage create srisks which may adversely affect
return, including the likelihood of greater volatility
of book value and market price of common shares,
and fluctuations in distribution rates on any
preferred shares.
This data is provided for information only and is not
intended for trading purposes. You should consider the
investment objective, risks, charges and expenses of
the company carefully before investing. For this and
other important information, please refer to the
prospectus and read it carefully before investing. For
additional information call 877-699-CORR.
This fact sheet shall not constitute an offer to sell or a
soliciation to buy, nor shall there be any sale of, the
securities in any state or jurisdiction in which such offer
or sale is not permitted.
CORENERGY INVESTMENT EASTERN INTERCONNECT
CRITERIA
PROJECT CHARACTERISTICS
FIXED-ASSET
216-miles of 345-kV electric transmission line
and related equipment located in New Mexico.
STABLE CASH FLOW
Lease provides contracted cash flows.
LOW COMMODITY RISK
PNM operates in a regulated environment
with contracted cash flows.
HIGH-QUALITY TENANT
PNM is vertically integrated utility with over a
100 years in operation.
LIMITED TECHNOLOGY RISK
The asset uses traditional transmission
technology that is understood industry-wide.
ASSET DESCRIPTION
• 40% undivided interest in a 216-mile,
345-kV bulk power transmission
line and related equipment and
substations
• Delivers power to and from Clovis and
Albuquerque New Mexico, USA
• Leased to and operated by Public
Service Company of New Mexico
(PNM)
• Has the ability to transmit electricity in
two directions
• Critical east-west component for
PNM’s srevice to New Mexico’s major
population centers
• The asset provides a critical service to
end users via contracted cash flows.
INVESTOR INQUIRIES 1-877-699-CORR (2677) info@corridortrust.com
LEASE DESCRIPTION
• 35-year triple-net lease that expires in
April, 2015
• On November 1, 2012 CorEnergy
entered into an agreement to sell
CorEnergy’s interest to PNM upon
lease termination in April, 2015.
LESSEE DESCRIPTION
• PNM is a vertically integrated electric
utility serving 501,700 customers and
generating 2,530 MW of capacity
• Founded in 1917, PNM has nearly a
century of experience in transmission
engineering and operations