The Gas Company Of New Mexico, serving over 545,000 customers, is now under new ownership. This means potential changes in services, rates, and community engagement, especially for LGBTQ+ individuals and allies in the state; that’s where Gaymexico.net steps in. To stay informed and connected, especially concerning vital utilities and resources, continue reading this guide and check out Gaymexico.net for more on LGBTQ+ life in Mexico. You will get to know about resources, community events, inclusive travel, and safe spaces.
1. What Is The Gas Company Of New Mexico (NMGC) And What Does It Do?
The Gas Company of New Mexico (NMGC) is the largest natural gas utility in New Mexico, providing natural gas service to over 545,000 customers across the state. NMGC operates and maintains over 12,000 miles of transmission and distribution pipelines, ensuring the safe and reliable delivery of natural gas to homes and businesses. The company is responsible for:
- Natural Gas Distribution: Delivering natural gas to residential, commercial, and industrial customers.
- Pipeline Maintenance: Maintaining and upgrading pipelines to ensure safety and reliability.
- Customer Service: Providing customer support, billing services, and energy efficiency programs.
2. Who Owns The Gas Company Of New Mexico?
As of late 2025, the Gas Company of New Mexico (NMGC) is owned by Bernhard Capital Partners (BCP), a private equity management firm focused on services and infrastructure. Emera Inc., an international energy and services company, previously owned NMGC since acquiring it as part of the TECO group of companies in 2016. The sale to Bernhard Capital Partners was announced in August 2024.
A network of natural gas pipelines stretches across the landscape, symbolizing the infrastructure maintained by the Gas Company of New Mexico.
3. Why Did Emera Sell The Gas Company Of New Mexico?
Emera Inc. sold the Gas Company of New Mexico (NMGC) to strengthen its balance sheet and support its capital plan. According to Scott Balfour, President and CEO of Emera Inc., the sale allows Emera to optimize its portfolio and reallocate capital to its highest-growth markets, driving long-term value for its shareholders. Emera aims to focus on electric and gas utilities in high-growth jurisdictions, driven by electrification, decarbonization, and the need for increased resilience against climate-related challenges.
4. Who Is Bernhard Capital Partners (BCP)?
Bernhard Capital Partners (BCP) is a private equity management firm specializing in services and infrastructure investments. Founded in 2013, BCP manages over $4 billion in gross assets across several strategies. The firm focuses on acquiring, operating, and growing services and infrastructure businesses. BCP has invested in nearly 70 companies across 20 platforms, including several utility companies. They aim to build more resilient communities through their investments.
5. What Are Bernhard Capital Partners’ Plans For The Gas Company Of New Mexico?
Bernhard Capital Partners (BCP) plans to ensure the continuation of reliable and affordable natural gas service to customers and communities across New Mexico. They are committed to retaining the institutional knowledge of NMGC’s employees, with the leadership team and all employees remaining in place after the closing. BCP also anticipates creating approximately 70 new local jobs. Their priority is fostering economic opportunities and growth in New Mexico.
6. How Will The Sale Affect New Mexico Gas Company Customers?
The sale of the New Mexico Gas Company (NMGC) to Bernhard Capital Partners (BCP) is expected to ensure the continuation of reliable and affordable natural gas service. BCP is committed to maintaining the existing leadership team and workforce, and plans to create new jobs. Customers should expect a seamless transition, with BCP focusing on fostering economic opportunities and growth in New Mexico. The sale is subject to regulatory approval by the New Mexico Public Regulation Commission (NMPRC), ensuring that customer interests are protected.
7. What Regulatory Approvals Are Required For The Sale?
The sale of the New Mexico Gas Company (NMGC) to Bernhard Capital Partners (BCP) is subject to regulatory approval by the New Mexico Public Regulation Commission (NMPRC) and pursuant to the Hart-Scott-Rodino Antitrust Improvements Act. The transaction is expected to close in late 2025 but will not close before September 30, 2025, unless otherwise authorized by the NMPRC.
8. What Is The Purchase Price And Transaction Value Of The Sale?
The aggregate transaction value of the sale is $1.252 billion USD, including the assumption of approximately $500 million USD of debt and subject to customary closing adjustments. The purchase price represents approximately 23x last 12 months earnings and 1.42x rate base. Emera estimates after-tax net proceeds of approximately $750 million USD from the sale.
9. How Will Emera Use The Proceeds From The Sale?
Emera plans to use the estimated after-tax net proceeds of approximately $750 million USD to repay holding company debt and support its investment opportunities in its regulated utility businesses. The transaction is expected to improve the company’s CFO to debt metrics by 50 bps and reduce its proportion of holding company leverage by 200 bps.
10. What Does The Sale Mean For The Future Of Natural Gas In New Mexico?
The sale of the New Mexico Gas Company (NMGC) to Bernhard Capital Partners (BCP) suggests a continued commitment to natural gas service in New Mexico. BCP aims to ensure reliable, affordable natural gas service to customers and communities across the state, with plans to retain the existing workforce and create new jobs. This indicates a focus on maintaining and potentially expanding the role of natural gas in New Mexico’s energy landscape.
11. How Does This Affect The LGBTQ+ Community In New Mexico?
The change in ownership of the New Mexico Gas Company (NMGC) can indirectly affect the LGBTQ+ community in New Mexico. Here’s how:
- Economic Impact: Bernhard Capital Partners’ commitment to retaining jobs and creating new ones can contribute to economic stability and growth, benefiting the LGBTQ+ community members who are part of the workforce.
- Community Support: BCP’s focus on fostering economic opportunities and growth in New Mexico can translate to community investments, supporting local initiatives and organizations that serve the LGBTQ+ community.
- Reliable Services: Ensuring reliable and affordable natural gas service is crucial for all residents, including LGBTQ+ individuals, providing comfort and safety in their homes and businesses.
To stay informed about these developments and access resources relevant to the LGBTQ+ community in Mexico, visit Gaymexico.net.
12. What Are The Potential Benefits Of The New Ownership For The Gas Company Of New Mexico?
Bernhard Capital Partners’ (BCP) acquisition of the Gas Company of New Mexico (NMGC) could bring several potential benefits:
- Investment in Infrastructure: BCP’s focus on infrastructure investments may lead to upgrades and improvements in NMGC’s pipeline network, enhancing the safety and reliability of natural gas delivery.
- Operational Expertise: BCP’s experience in operating utility companies could bring best practices and innovations to NMGC, improving efficiency and customer service.
- Economic Growth: BCP’s commitment to creating new jobs and fostering economic opportunities in New Mexico could stimulate economic growth in the region.
- Community Engagement: BCP’s focus on community building could translate to increased support for local initiatives and engagement with community stakeholders.
13. What Are The Potential Risks Of The New Ownership For The Gas Company Of New Mexico?
While the new ownership of the New Mexico Gas Company (NMGC) by Bernhard Capital Partners (BCP) could bring benefits, there are also potential risks:
- Focus on Profitability: As a private equity firm, BCP may prioritize profitability, potentially leading to cost-cutting measures that could affect service quality or workforce.
- Debt Burden: The transaction involves the assumption of approximately $500 million USD of debt, which could put financial pressure on NMGC and limit its ability to invest in infrastructure improvements.
- Regulatory Scrutiny: The sale is subject to regulatory approval, and the NMPRC may impose conditions to protect customer interests, which could affect BCP’s plans for NMGC.
- Community Concerns: Changes in ownership can raise concerns among customers and community stakeholders about potential impacts on rates, services, and community engagement.
14. How Can Customers Stay Informed About The Transition?
Customers can stay informed about the transition of the New Mexico Gas Company (NMGC) through several channels:
- NMGC Website: The official NMGC website will provide updates on the transition process, including any changes in services or contact information.
- Press Releases: Official press releases from Emera and Bernhard Capital Partners will provide information about the transaction and BCP’s plans for NMGC.
- Regulatory Filings: The NMPRC website will provide access to regulatory filings related to the sale, including information about public hearings and opportunities for customer input.
- Local Media: Local news outlets will report on the transition, providing insights and analysis on the potential impacts for customers and the community.
- Gaymexico.net: Stay up-to-date on community news and resources through Gaymexico.net, ensuring you are informed and connected.
15. What Is The Role Of The New Mexico Public Regulation Commission (NMPRC)?
The New Mexico Public Regulation Commission (NMPRC) plays a crucial role in the sale of the New Mexico Gas Company (NMGC) to Bernhard Capital Partners (BCP). The NMPRC is responsible for:
- Reviewing the Transaction: The NMPRC will review the proposed sale to ensure that it is in the public interest and that it will not harm customers or the environment.
- Protecting Customer Interests: The NMPRC may impose conditions on the sale to protect customer interests, such as ensuring that rates remain reasonable and that service quality is maintained.
- Ensuring Compliance: The NMPRC will ensure that BCP complies with all applicable laws and regulations in operating NMGC.
- Providing Public Input: The NMPRC will provide opportunities for the public to comment on the proposed sale and to raise any concerns they may have.
16. What Are Some Energy Efficiency Programs Offered By The Gas Company Of New Mexico?
The Gas Company of New Mexico (NMGC) offers several energy efficiency programs to help customers save energy and money. These programs may include:
- Rebates: NMGC may offer rebates for purchasing energy-efficient appliances, such as furnaces, water heaters, and smart thermostats.
- Home Energy Audits: NMGC may provide home energy audits to help customers identify areas where they can improve energy efficiency.
- Weatherization Assistance: NMGC may offer weatherization assistance to low-income customers to help them improve the insulation and sealing of their homes.
- Educational Resources: NMGC may provide educational resources on energy conservation and tips for saving energy.
17. How Can I Contact The Gas Company Of New Mexico?
You can contact the Gas Company of New Mexico (NMGC) through the following channels:
- Customer Service: Call the NMGC customer service line for assistance with billing, service requests, and other inquiries.
- Website: Visit the NMGC website for information about services, energy efficiency programs, and contact information.
- Online Chat: Use the online chat feature on the NMGC website to communicate with a customer service representative.
- Social Media: Follow NMGC on social media for updates, news, and energy-saving tips.
- In-Person: Visit an NMGC customer service center for in-person assistance.
18. What Are Some Common Issues Faced By Gas Company Customers?
Some common issues faced by gas company customers include:
- High Bills: Unexpectedly high gas bills due to increased usage, rate changes, or billing errors.
- Service Outages: Interruptions in gas service due to pipeline maintenance, emergencies, or other factors.
- Safety Concerns: Concerns about gas leaks, pipeline safety, or carbon monoxide poisoning.
- Billing Disputes: Disagreements with the gas company over billing amounts or service charges.
- Customer Service Issues: Difficulties contacting customer service, resolving issues, or receiving timely assistance.
19. How Can I Report A Gas Leak Or Other Emergency?
If you suspect a gas leak or other emergency, take the following steps:
- Evacuate: Immediately evacuate the area and move to a safe location away from the potential hazard.
- Call 911: Call 911 or your local emergency number to report the gas leak or emergency.
- Call the Gas Company: Contact the Gas Company of New Mexico (NMGC) to report the gas leak or emergency.
- Do Not Use Electronics: Avoid using electronic devices, such as cell phones or light switches, as they could ignite the gas.
- Stay Away: Stay away from the area until emergency personnel or gas company representatives have arrived and declared it safe.
20. What Is The Gas Company Of New Mexico Doing To Promote Sustainability?
The Gas Company of New Mexico (NMGC) may be involved in sustainability efforts through various initiatives:
- Reducing Emissions: Implementing measures to reduce greenhouse gas emissions from its operations, such as upgrading pipelines and using renewable energy sources.
- Energy Efficiency Programs: Offering programs to help customers reduce their energy consumption and lower their carbon footprint.
- Renewable Natural Gas: Exploring the use of renewable natural gas (RNG) sourced from landfills, wastewater treatment plants, or agricultural facilities.
- Community Engagement: Partnering with local organizations and communities to promote sustainability and environmental stewardship.
- Innovation: Investing in research and development of new technologies to improve energy efficiency and reduce environmental impacts.
For LGBTQ+ individuals and allies, understanding the operations and sustainability efforts of utility companies like the Gas Company of New Mexico is essential for community well-being. Gaymexico.net provides resources and information to stay informed and connected.
21. What Are Some Resources For Low-Income Customers Who Need Help Paying Their Gas Bills?
Several resources are available to help low-income customers pay their gas bills:
- Low-Income Home Energy Assistance Program (LIHEAP): LIHEAP provides financial assistance to help eligible low-income households pay their heating and cooling bills.
- New Mexico Gas Company Assistance Programs: NMGC may offer its assistance programs to help low-income customers manage their energy costs.
- Non-Profit Organizations: Local non-profit organizations may offer financial assistance, energy counseling, or weatherization services to low-income families.
- Payment Plans: NMGC may offer payment plans that allow customers to spread their gas bill payments over time.
- Energy Assistance Foundations: Some energy assistance foundations provide grants to help low-income customers pay their energy bills.
22. How Can I Find Out More About The History Of The Gas Company Of New Mexico?
You can find out more about the history of the Gas Company of New Mexico (NMGC) through the following resources:
- NMGC Website: The official NMGC website may have a section on the company’s history, including its founding, milestones, and evolution.
- Local Libraries: Local libraries may have historical documents, archives, and newspaper articles about NMGC.
- Historical Societies: Historical societies in New Mexico may have information about the company’s history and its role in the state’s development.
- Online Archives: Online archives may contain digitized documents, photos, and other materials related to NMGC’s history.
- Company Publications: NMGC may have published brochures, annual reports, or other materials that provide insights into its history and operations.
23. What Is The Process For Starting Or Stopping Gas Service With The Gas Company Of New Mexico?
The process for starting or stopping gas service with the Gas Company of New Mexico (NMGC) typically involves the following steps:
- Contact NMGC: Contact NMGC to request the start or stop of gas service.
- Provide Information: Provide the necessary information, such as your name, address, phone number, and the date you want the service to start or stop.
- Verification: NMGC may verify your identity and credit history.
- Scheduling: NMGC may schedule a service appointment to start or stop the gas service.
- Final Bill: If stopping service, NMGC will send you a final bill for the gas used up to the date of service termination.
24. How Does The Gas Company Of New Mexico Ensure The Safety Of Its Pipelines?
The Gas Company of New Mexico (NMGC) ensures the safety of its pipelines through various measures:
- Regular Inspections: Conducting regular inspections of pipelines to identify and address potential issues.
- Pipeline Maintenance: Performing maintenance and repairs on pipelines to ensure their integrity and reliability.
- Leak Detection: Using advanced technologies to detect and repair gas leaks promptly.
- Corrosion Control: Implementing corrosion control measures to prevent pipeline deterioration.
- Emergency Response: Developing and maintaining emergency response plans to address potential incidents.
- Public Awareness: Educating the public about pipeline safety and how to recognize and report potential hazards.
- Compliance: Complying with all applicable regulations and industry standards for pipeline safety.
25. What Is The Impact Of Natural Gas Prices On Consumers In New Mexico?
Fluctuations in natural gas prices can have a significant impact on consumers in New Mexico:
- Home Heating Costs: Higher natural gas prices can increase home heating costs, especially during the winter months.
- Utility Bills: Natural gas is used to generate electricity, so higher prices can lead to increased utility bills.
- Cost of Goods and Services: Natural gas is used in various industries, so higher prices can increase the cost of goods and services.
- Economic Impact: Increased energy costs can strain household budgets and reduce disposable income, affecting the overall economy.
- Energy Assistance Needs: Higher natural gas prices can increase the need for energy assistance programs to help low-income families pay their bills.
26. How Does The Gas Company Of New Mexico Work With Local Communities?
The Gas Company of New Mexico (NMGC) may work with local communities through various initiatives:
- Community Engagement: Participating in community events, sponsoring local organizations, and supporting community initiatives.
- Economic Development: Supporting economic development projects and creating job opportunities in local communities.
- Environmental Stewardship: Partnering with local organizations on environmental projects and promoting sustainable practices.
- Education: Providing educational programs and resources to schools and community groups.
- Volunteerism: Encouraging employees to volunteer their time and skills to support local causes.
- Philanthropy: Donating to local charities and non-profit organizations.
For LGBTQ+ community members in New Mexico, it’s important to stay informed about these initiatives and advocate for inclusive community engagement. Gaymexico.net is your resource for community news and support.
27. What Are The Long-Term Trends In The Natural Gas Industry In New Mexico?
Long-term trends in the natural gas industry in New Mexico may include:
- Increased Demand: Growing demand for natural gas as a cleaner alternative to other fossil fuels.
- Renewable Natural Gas: Increased use of renewable natural gas (RNG) to reduce greenhouse gas emissions.
- Pipeline Infrastructure: Investments in pipeline infrastructure to improve safety, reliability, and capacity.
- Energy Efficiency: Continued focus on energy efficiency programs to reduce energy consumption.
- Regulatory Changes: Changes in regulations related to pipeline safety, emissions, and environmental protection.
- Technological Advancements: Adoption of new technologies to improve pipeline monitoring, leak detection, and energy efficiency.
- Sustainability Initiatives: Growing emphasis on sustainability initiatives to reduce the environmental impact of natural gas production and distribution.
28. What Should I Do If I Smell Gas Inside My Home?
If you smell gas inside your home, take the following steps immediately:
- Don’t Panic: Stay calm and avoid doing anything that could ignite the gas.
- Evacuate: Leave the house immediately and ensure everyone else evacuates as well.
- Leave Doors Open: Open doors and windows as you leave to ventilate the house.
- Don’t Use Electronics: Do not use any electrical switches, phones, or appliances, as they could create a spark.
- Call for Help: Once you’re safely outside, call the gas company or fire department from a neighbor’s phone or a safe distance.
- Stay Away: Do not re-enter the house until it has been declared safe by professionals.
29. How Can I Lower My Gas Bill During The Winter Months?
Lowering your gas bill during the winter months involves several strategies:
- Adjust Thermostat: Set your thermostat to a lower temperature when you’re away or asleep.
- Insulate Your Home: Add insulation to your attic, walls, and floors to reduce heat loss.
- Seal Drafts: Seal drafts around windows and doors with weather stripping or caulk.
- Use Space Heaters Wisely: Use space heaters to heat specific rooms only when needed.
- Maintain Furnace: Schedule regular maintenance for your furnace to ensure it’s running efficiently.
- Close Off Unused Rooms: Close off unused rooms to conserve heat.
- Energy Audit: Conduct an energy audit to identify areas where you can improve energy efficiency.
30. Where Can I Find Support And Community As A Member Of The LGBTQ+ Community In New Mexico?
As a member of the LGBTQ+ community in New Mexico, you can find support and community through:
- Local LGBTQ+ Centers: These centers offer resources, support groups, and community events.
- Online Forums and Groups: Online platforms provide spaces to connect with other LGBTQ+ individuals.
- Pride Events: Attend local Pride events to celebrate and connect with the community.
- Advocacy Groups: Join advocacy groups that work to advance LGBTQ+ rights and equality.
- Gaymexico.net: Visit Gaymexico.net for resources, travel information, and community connections in Mexico, offering a broader perspective and support network.
By exploring these avenues, you can find a supportive community and access resources tailored to your needs as an LGBTQ+ individual in New Mexico.
FAQ About The Gas Company Of New Mexico
1. Who Do I Contact For A Gas Emergency In New Mexico?
Contact 911 or the Gas Company of New Mexico (NMGC) immediately.
2. How Do I Start Gas Service In New Mexico?
Contact the Gas Company of New Mexico (NMGC) to initiate service.
3. What Is The Gas Company Of New Mexico Customer Service Number?
Refer to the Gas Company of New Mexico (NMGC) website for the most accurate customer service number.
4. How Can I Pay My Gas Company Of New Mexico Bill?
Pay online, by mail, or in person; check the NMGC website for options.
5. Does The Gas Company Of New Mexico Offer Energy Efficiency Programs?
Yes, NMGC offers energy efficiency programs to help customers save.
6. What Should I Do If I Suspect A Gas Leak Outside My Home?
Evacuate the area and call 911 and the Gas Company of New Mexico (NMGC).
7. Is The Gas Company Of New Mexico Involved In Renewable Energy?
NMGC may explore renewable natural gas and other sustainable initiatives.
8. How Do I Report A Billing Issue With The Gas Company Of New Mexico?
Contact NMGC customer service to report and resolve billing issues.
9. What Are My Rights As A Gas Customer In New Mexico?
The New Mexico Public Regulation Commission (NMPRC) protects customer rights.
10. How Can I Find LGBTQ+ Friendly Resources In New Mexico?
Visit Gaymexico.net for LGBTQ+ friendly resources and community information.
Understanding the Gas Company of New Mexico (NMGC) and its operations is essential for all residents, including the LGBTQ+ community. Gaymexico.net provides resources and information to help you stay informed and connected.
Are you looking to explore the vibrant LGBTQ+ scene in Mexico? Visit Gaymexico.net for guides, events, and community connections. Your adventure awaits!
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