News Release

Feb. 29, 2008

March 2008 COST OF GAS Natural gas cost: 87.77 cents per therm Estimated "average" use: 84 therms based on a ten-year average Estimated average bill: $110.91 The per-therm cost of natural gas this February was 78.79 cents. The per-therm cost of gas in March 2007 was 86 cents. 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 Says Natural Gas Prices Will Be Higher in March

Albuquerque: PNM customers will pay about 88 cents per therm in March for natural gas.  That is an 11.4 percent increase over the price in February and a 1.6 percent increase over the price a year ago. 

Natural gas prices have been lower this heating season than the previous one. However, colder than expected weather in the Northeast and record high crude oil prices pushed the price of gas up recently. 

Warmer March weather often means customers will use less gas to heat their homes.

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 487,000 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.