Albuquerque Journal (Albuquerque, NM)

PNM Blamed For Water Woes.

Byline: Miguel Navrot Journal Staff Writer

* Sangre de Cristo's financial problems blamed in part on inaccurate figures supplied by a PNM subsidiary

Santa Fe's beleaguered city water utility is having a hard time figuring out its financial books a problem officials are foisting onto the previous owner, the Public Service Co. of New Mexico.

On Monday, members of the city Finance Committee, who had expected an overview of revenues for Sangre de Cristo Water Co., were told figures recently supplied to the utility might not be accurate.

Instead, the figures from Avistar Inc., a PNM subsidiary that handles billing operations for the city utility, are scheduled for review in the coming weeks before committee members or city councilors hear what they are. …

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