Flash: First Choice Power Reports Relatively Flat Churn in Fourth Quarter

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March 1, 2011  

First Choice Power's customer count as of December 31, 2010 stood at 214,200, versus 215,300 as of September 30, 2010, parent PNM Resources disclosed this morning in reporting earnings.

The net loss of 1,100 customers is slightly higher than the net loss of 800 customers from June 30, 2010 to September 30, 2010. However, the number is still about one-fifth of the churn seen earlier in the year, such as the net loss of 5,300 customers from March 31, 2010 to June 30, 2010.

Customer count as of December 31, 2009 was 225,000.

Additional details on First Choice Power's earnings tomorrow.

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