PNM Good Neighbor Fund helps more families in 2012
Posted at: 02/26/2013 7:39 AM
By: The Associated Press
ALBUQUERQUE, N.M. (AP) - New Mexico's largest electric utility says more than 10,200 families were helped last year by the Good Neighbor Fund.
That marks a record for the fund, which began three decades ago as a way to help Public Service Company of New Mexico customers who are low-income senior citizens and those who are facing unexpected financial hardships.
In all, more than $986,000 was used to help customers in 2012. That came from the donations of other customers, PNM employees and a shareholder match of $350,000. PNM provided more than $1.2 million to help 9,900 customers in 2011.
That year, the program was expanded by raising the annual income level a household can have and still be eligible for help.
The move was in response to record cold temperatures that winter.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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