News Release

Jan. 2, 2008

Jan. 2008 COST OF GAS Natural gas cost: 76.65 cents per therm Estimated "average" use: 107 therms based on a ten-year average Estimated average bill: $125.62 The per-therm cost of natural gas is 0.4 percent lower than last month and 3.3 percent lower than the cost of gas for the same month last year. By law, PNM passes the cost of natural gas on to customers with no additional mark-up.

PNM NEWS News releases Financial news Contact PNM

NEWS MEDIA CONTACT Susan Sponar Telephone: (505) 241-2768

PNM Customers See Lower January Natural Gas Prices

Albuquerque: This January PNM customers will pay 3.3 percent less per therm for natural gas than they did last year, thanks to continued strong storage levels and a mild hurricane season in the Gulf of Mexico.

New Mexico law provides protection from utility shut-off during the winter for households that meet certain income requirements.  The New Mexico Human Services Department (HSD) determines who qualifies for this protection and provides financial assistance to help with heating bills. 

Financial help is also available from the Salvation Army through the PNM Good Neighbor Fund. Weatherization assistance to lower utility bills is available for income-qualified households as well.

For more information about these programs and where to turn in your community, call PNM at 1-888-DIAL PNM (888-342-5766).

2007 - 2008 heating season help for PNM Natural Gas Customers (.pdf)

PNM is a subsidiary of PNM Resources, an energy holding company based in Albuquerque, N.M. PNM provides electric utility service to 49,000 customers and natural gas service to 492,000 customers in New Mexico. The company also sells power on the wholesale market in the West. PNM Resources stock is traded primarily on the NYSE under the symbol PNM. For more information, see the company's Web site at PNM.com.