PNM Fund Awards $200,000 in Grants to Save Energy

News Release

Sept. 2, 2009

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PNM Fund Awards $200,000 in Grants to Save Energy

Albuquerque: The non-profit PNM Fund awarded $200,000 to provide more 44 New Mexico nonprofits with tools for increased energy efficiency and lower bills.

“PNM Reduce Your Use Grants allow New Mexico nonprofits resources to conserve energy. By reducing energy consumption, they can focus more of their money on their respective missions,” said Diane Harrison Ogawa, executive director of the PNM Fund, a division of the PNM Resources Foundation.

Over 100 organizations across New Mexico applied for the grants, which were due in June of this year. The awards were announced in July, giving organizations funding during the prime electric-usage months.

The following organizations serve as an example of programs that received funding:

Animal Humane Association of NM in Albuquerque will replace original circa 1950’s cast iron windows with high performance windows.
El Ranchito de Los Ninos in Los Lunas will replace inefficient appliances with new Energy Star® washing machines and dryers.
Flickinger Center For Performing Arts in Alamogordo will update its thirty year old theater lighting with new energy-saving technology.

Any 501(c)3 organization operating within PNM’s electric service territory was eligible to submit a grant application. The awards were announced in July.

For more information about the PNM Fund and to view a list of the 2009 recipients, visit www.pnm.com.

About PNM Fund
The PNM Fund is a division of the PNM Resources Foundation, a nonprofit established in 1983 to improve the quality of life in communities PNM Resources’ customers and employees live and work. Celebrating its twenty-sixth anniversary, the PNM Resources Foundation is a separate nonprofit, tax-exempt corporation and was originally endowed by a gift from earnings by shareholders of PNM. No customer funds are part of the endowment. For more information, visit www.pnm.com/fund.