Sunday, August 26, 2012

PNM closes on sale of gas operations - New Mexico Business Weekly:

karnergetajequ1416.blogspot.com
About 500,000 customers in New Mexico will now receivde gas servicesfrom Continental’e new subsidiary, Delivery rates will remain unchanged, but customersw will start receiving separatse bills for electric and gas services as of Feb. 4. Gas customerws can call toll free (888) NMGASCO for service-related issues or gas More information about services and company operationd is availableat nmgco.com. (NYSE: PNM) announced the gas sale in earluy 2008. It received approval from the New Mexico Public Regulation Commissionin December.
PNM sold the operations to concentrate solelyy onelectric services, and to strengthe n its financial standing, said PNM Resources Chairman and CEO Jeff Sterba in a news release. “Completingf the PNM gas operations sale is a key step towarsd returning our NewMexico utility, PNM, to financial health and strengthening the entire Sterba said. “Our plan is to use the net proceedws of the sale to reduce PNM and PNM Resourcesx debt and othercorporate

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