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PNM SIGNS CONTRACT FOR THREE YEAR POWER SALE

 PNM SIGNS CONTRACT FOR THREE YEAR POWER SALE
 ALBUQUERQUE, N.M., March 13 /PRNewswire/ -- Today, Public Service


Company of New Mexico (PNM) (NYSE: PNM) announced the signing of a three-year agreement to sell power to the Imperial Irrigation District of Imperial, Calif. Under this agreement, which extends through February 1995, PNM will provide a base demand of 56MW year-round, with an additional seasonal demand of 25MW during the months of April through October.
 The agreement incorporates a fixed demand charge. Using an 80 percent load factor, pricing begins at $0.031/kWh in the first year and escalates approximately 6 percent annually to $0.034/kWh in the third year.
 Service under the agreement began on March 1, 1992, in accordance with Western Systems Power Pool provisions. PNM expects to file by the end of March for FERC approval of the permanent agreement, requesting a response by June 1.
 -0- 3/13/92
 /CONTACT: Sam Brothwell of Public Service Co. of New Mexico, 505-848-2287/
 (PNM) CO: Public Service Co. of New Mexico ST: New Mexico IN: UTI SU: CON


MC -- DV006 -- 7928 03/13/92 16:10 EST
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Publication:PR Newswire
Date:Mar 13, 1992
Words:188
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