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Letters of CreditOur departing customers If you are a PNM customer moving to an area served by another utility, a letter of credit showing your good credit standing with PNM may reduce or eliminate an account deposit required by the new company. At your request, PNM will fax or mail a letter of credit to your new utility company. Please have the utility's address or fax number available. Please check with your new utility about its policy regarding letters of credit.
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