Industry & Services >> CEO Interviews >> June 11, 2002

Jeff Sterba – Pnm Resources Inc (pnm)

JEFF STERBA is Chairman, President and Chief Executive Officer of PNM Resources, Inc. He has held a variety of positions during his 23 years at PNM. Mr. Sterba has also been a leader in Albuquerque's business community. He was Chairman of the Greater Albuquerque Chamber of Commerce and the Middle Rio Grande Business Education Compact. He has been a strong supporter of efforts to revitalize Albuquerque's downtown area and is also currently Campaign Chair-Elect of United Way of Greater Albuquerque and Vice Chair of the Economic Forum. Mr. Sterba returned to PNM in 2000 after serving 14 months as Executive Vice President of USEC, Inc., a global energy company headquartered in Maryland. He obtained his undergraduate degree in Economics from Washington University in St. Louis, graduating summa cum laude, and has completed some post-graduate work in Economics. Profile
TWST: Can you tell us what you mean by a 'merchant utility'?

Mr. Sterba: A merchant utility is first and foremost a service provider,

delivering electric and gas service to local customers in