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January Brings Continued Lower Natural Gas Prices For PNM Customers Albuquerque: PNM customers will pay about 62 cents per therm this January for natural gas, roughly 19 percent less than the price last year at this time. The average home heating bill this month is estimated to be around $112, based on a ten-year average. January’s per-therm natural gas price represents a 4.5 percent increase over the December 2008 price of 59 cents. The per-therm cost of gas last January was 76.65 cents. By law, PNM passes the cost of natural gas on to customers with no additional mark-up. Help with utility bills and protection from having utility service disconnected during the winter heating season are available for income-eligible households. For more information, 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.
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