New Mexico Gas Selects Copperleaf C55 for Asset Investment PlanningBy Copperleaf
Vancouver, BC, May 15, 2018—New Mexico Gas Company (NMG) has selected the CopperleafTM C55 Decision Analytics solution to optimize its investment plans, proactively manage risk, and enhance enterprise-wide decision making. New Mexico Gas Company is a member of the Emera, Inc. family of energy companies. Based in Albuquerque, it is the largest natural gas utility in the state of New Mexico, maintaining 12,000 miles of natural gas pipeline to provide service to more than 525,000 residential, commercial and transportation customers.
New Mexico Gas recognized the need to move toward a total expenditure (TOTEX) model, and establish a more consistent, transparent, and defensible approach to decision making across the organization. NMG selected C55TM to help manage its planning, analysis, budgeting, and performance management processes in an integrated and comprehensive manner.
“The selection of Copperleaf C55 is a key step in modernizing our approach to asset investment planning and management. It will provide a consistent, value-based methodology for budget decision analytics and ensure our capital expenditures align with our strategic objectives,” commented Tom Bullard, Vice President of Engineering, Gas Management and Technical Services for New Mexico Gas.
“Copperleaf has helped many organizations develop optimized investment plans over short, medium, and long-term time horizons, and we look forward to supporting New Mexico Gas on its drive to improve its asset investment planning and decision-making processes,” said Judi Hess, Copperleaf CEO. “C55 and the Copperleaf Value Framework will provide New Mexico Gas with a consistent means to compare and value all investments across gas, fleet, facilities, and IT, to deliver on its strategic objectives.”
Copperleaf provides decision analytics to companies managing critical infrastructure. Our enterprise software solutions leverage operational and financial data to help our clients make investment decisions that deliver the highest business value. In 2017, Canadian Business magazine named Copperleaf one of Canada’s Fastest-Growing Companies for the third consecutive year. Copperleaf is a member of The Institute of Asset Management (IAM) and actively participates in shaping the future of asset management standards, including ISO 55000. Headquartered in Vancouver, our solutions are distributed and supported by regional staff and partners worldwide. We are committed to building a better world, one decision at a time.