Albuquerque Journal (Albuquerque, NM)

PNM Investing in New Net Technology.(Business)

Byline: Rosalie Rayburn Journal Staff Writer

Electric Meters To Carry Signal

Public Service Company of New Mexico is investing $10 million of its profits into buying a stake in MainStreet Networks, an Internet gateway service provider.

Based in Silicon Valley, MainStreet Networks is developing technology to eventually give Internet access, both voice and data, to individual homes via electric meters. Customers would not need a personal computer but they would still need a telephone line to carry signals outside the home.

The service also is capable of providing other electronic services such as automated meter reading through the same connection. …

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