Thursday, July 5, 2007

Multi-Billion Dollar Energy Co.'s CEO Goes All Electric To Work



My wife works for a large New Mexico-based corporation, PNM Resources, and Tuesday's Albuquerque Tribune newspaper had an article about the CEO making the daily 2-mile commute on his lithium ion-powered Segway rather than his 8 month old BMW 7 Series. Here's an excerpt:

"'I like that car, and it's one of the things I enjoy," Sterba said. "But it doesn't make any sense to commute with.'

Commuting via BMW gets him about eight miles per gallon, he guessed. The Segway, which is powered by a lithium-ion battery he can charge via a normal wall outlet, costs about 3 cents a mile, he said."

PNM Resources is involved in oil and gas as well as electricity distribution, and they have a very large wind farm that helps them in their environmental cause by generating a very large amount of electricity for their "green" customers who are willing to pay a slight premium over regular $ per kwh prices.

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