Benefits to Customers,
Communities & Employees
The proposed acquisition brings benefits to customers, employees, and the state through customer rate credits, economic investment, deferral of a future rate increase, and a long-term commitment to New Mexico’s energy future.
Customers
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No Change to Rates
Bernhard has committed to no customer rate increases before 2028 — saving customers up to $40 million — and is providing $22.4 million in direct bill credits -
Service You Know
All local employees will continue working for NMGC, preserving institutional knowledge and ensuring reliable service for customers -
Local Operations
NMGC’s headquarters will remain in Albuquerque. All regional offices will remain operational with leadership and decision-making remaining local and new jobs relocated to New Mexico from outside the state -
Modernized Technology
Current IT systems nearing end-of-life will be replaced with new, purpose-built platforms already in use at Bernhard’s other natural gas utilities -
Committed Ownership
While NMGC’s current owner has expressed a desire to sell NMGC, Bernhard wants to own NMGC and is committed to New Mexico — an inherent benefit to customers -
Maintaining Transparency
The New Mexico Public Regulation Commission (NMPRC) will continue to regulate NMGC and approve customer rates, and NMGC's independent board of business and community leaders will remain in place
Communities
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Energy Bill Assistance
Bernhard will provide $7 million in financial assistance to help low-income families with their natural gas bills -
Economic and Workforce Investment
An additional $15 million will support economic development, workforce programs, and other community priorities across New Mexico -
Charitable Giving
Bernhard will contribute $2.5 million to local nonprofits that strengthen and serve New Mexico communities
Employees
