News Release

Feb. 01 , 2008

Feb. 2008 COST OF GAS Natural gas cost: 78.79 cents per therm Estimated "average" use: 105 therms based on a ten-year average Estimated average bill: $125.94 The per-therm cost of natural gas is 2.8 percent higher than last month and 2.4 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 Natural Gas Prices Rise Slightly This Month But Still Lower Than Last Year

Albuquerque: PNM customers will pay about 79 cents per therm this month for natural gas. That is 2.8 percent more than in January but still slightly less than the price a year ago.

PNM officials say heating bills are often highest at this time of year and customers should not to be afraid to seek help if they need it. 

The law protects families and individuals from winter utility disconnection through March 15 if they qualify for the Low-Income Home Energy Assistance Program (LIHEAP), food stamps, cash assistance and some Medicaid programs. Call the New Mexico Human Services Department at 1-800-283-4464 to qualify, and to apply for LIHEAP.

Help is also available from the Salvation Army through the PNM Good Neighbor Fund. PNM customers can support the program by including a donation with their monthly bill. PNM shareholders match customer donations up to $350,000.

For information about where to turn for help in your community, call PNM at 1-888-DIAL PNM (888-342-5766).

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.