THE SALE OF NEW MEXICO GAS COMPANY TO TECO ENERGY OF TAMPA FLORIDA COULD BE A DONE DEAL BY EARLY NEXT YEAR. THAT'S THE HOPE OF TECO EXECUTIVES. IF APPROVED BY STATE AND FEDERAL REGULATORS, THE SALE OF NEW MEXICO'S GAS COMPANY WILL GIVE ALL 509 THOUSAND CUSTOMERS A NEW SUPPLIER.
THE PENDING SALE WAS ANNOUNCED TUESDAY MORNING. TECO ENERGY IS SET TO PAY 950 MILLION DOLLARS FOR THE GAS COMPANY WITH A GOAL OF GROWING ITS BUSINESS IN THE SOUTHERN AND SOUTHWESTERN U-S.
