 |
|
Contact PNM | About PNM | PNM News |
|
|
||
My Bill |
My Home |
My Business |
My Safety |
My Community |
My Environment |
PNM Fund |
Careers |
Español |
Albuquerque: PNM, Public Service Co. of New Mexico, today committed to donating $100,000 to assist children of victims of recent terrorist attacks with future educational expenses. In addition, the non-profit PNM Foundation will encourage donations from the company's 2,660 employees and thousands of retirees by matching individual donations of up to $1,000. The company also said it will match donations from customers throughout New Mexico, for a combined matching effort of $75,000. The total PNM and PNM Foundation effort could raise $250,000 or more for The Power of America Fund, a national effort involving a number of energy companies and their employees. "Acting together, PNM and other energy companies hope to raise at least $10 million from shareholders, employees and customers," said PNM Chairman, President and CEO Jeff Sterba. Funds generated by the endowment will be used exclusively for college scholarships in the coming years to the children of the recent attack victims. The fund will be administered by Educational Testing Services of Princeton, N.J., which administers several other corporate scholarship funds. "Though our state is far from New York, New Mexicans are touched by this tragedy in so many ways," Sterba said. "We believe The Power of America Fund is one way to partner with our employees and customers and begin to focus on the long-term implications of the recent attacks, even while the critical immediate relief continues." Sterba said the donation is consistent with PNM's broader support of education initiatives here in New Mexico. PNM and the PNM Foundation give upwards of $2 million a year to non-profit community organizations in New Mexico, and education is a key focus of the company's annual commitment. Customers wanting to donate to the fund should make checks payable to "The Power of America Fund" and include them in the return envelope when they remit their regular monthly payment to PNM. The company will accept the checks through the end of the year, determine the total match, and forward all money to the fund. Contributions are tax deductible. Customers may also send checks, payable to the fund, to:
The Power of America Fund, c/o PNM, Alvarado Square MS 1110,
Albuquerque, N.M., 87158. More information on this effort
is available by calling (505) 241-0837 or by sending an e-mail
to powerofamericafund@pnm.com. So far, the fund has received donations from Entergy Corp., of New Orleans; Exelon Corp., of Chicago; NorthWestern Corporation, of Sioux Falls, S.D.; Sempra Energy, of San Diego; TXU, of Dallas; Nuclear Management Co., of Minneapolis; and Electricité de France, of Paris. Last week, PNM made a $7,500 donation to the New Mexico chapter of the Red Cross. In addition, the PNM Foundation is reminding employees and company retirees it continues to match donations they make, of up to $1,000, to any New Mexico non-profit organization. PNM is a combined electric and gas utility serving approximately 1.3 million people in New Mexico. The company also sells power on the wholesale market in the Western U.S. PNM stock is traded primarily on the NYSE under the symbol PNM. For more information about PNM, see the company's web site at www.pnm.com.
| |||||||||||||||||||||||
