College of Business receives $53,000 from Center for Public Utilities for new scholarship

January 24, 2013 by Art Ruiloba, NMSU News Center

The formation of a new scholarship is under way at New Mexico State University. A gift totaling $53,000 from the Center for Public Utilities will “kick-start” an Endowed Graduate Scholarship at NMSU’s College of Business. The scholarship will assist students pursuing a master of arts in economics.

The center’s goal is to raise more than $300,000 for the endowed scholarship and award a full graduate assistantship in the near future. They are challenging other donors, industry professionals and former graduates to contribute to the endowment.

Doug Gegax, director of the Center for Public Utilities is excited about the opportunity to assist students financially, as well as academically.

“Each year, several students apply for the master of arts in economics program and meet the academic requirements but many have a difficult time covering their financial expenses,” Gegax said. “This endowment is a way of reducing that burden and providing financial assistance for deserving students who otherwise may not have the means to cover their tuition expenses.”

NMSU is one of only three universities with a campus-based national training institute like the Center for Public Utilities, which is endorsed by the National Association of Regulatory Utility Commissioners. In addition, the center academically supports the College of Business’ master degree in economics with a specialization in public utility policy and regulation as well as the graduate certificate in public utility regulation and economics.

Garrey Carruthers, dean of the NMSU College of Business and vice president for economic development, said the center’s partnership with NMSU allows graduate students to learn from true professionals throughout the industry.

“The collaboration between the center and the college creates a great advantage for graduate students, faculty and staff,” Carruthers said. “The up-to-date information we receive from the center’s advisory board (made up of industry professionals), public utility managers and policy regulators is valuable in designing our academic program. Our faculty and staff are abreast of the industry’s latest practices and policy changes. Thus, our graduate students receive the best education and practical experience available in the industry.”

The partnership between the center and college also offers students accessibility to potential employers within the industry, opening a “pipeline” for those seeking employment after graduation.

For more information about the master of arts in economics with a specialization in public utility policy and regulation, please visit the website at:

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