ROSWELL, N.M. (AP) — Xcel Energy has plans to invest $557 million in new transmission lines and substations to feed the growing economies of eastern New Mexico and West Texas.
Demand for electricity in the region is expected to continue growing significantly because of booms in the oilfields and the mining industry.
"The growth we're seeing in New Mexico and West Texas is unprecedented," said David Hudson, president and CEO of Southwestern Public Service Company, a subsidiary of Xcel. "As a partner in this region's economic success, we're committing a huge amount of capital to sustain this growth well into the future."
The plan calls for adding some 400 miles of high-voltage lines and building 12 new substations. Some of the projects were identified in a regional study and recently approved by the Southwest Power Pool, which oversees the reliability of the grid in an eight-state region that includes New Mexico and Texas.
In addition to the projects announced by Xcel this week, the electric provider already has plans for 240 miles of new distribution lines that will carry electricity straight to customers in southeastern New Mexico's Lea and Eddy counties.
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