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.

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