Xcel plans $1.6 billion wind farms in New Mexico, West Texas
Xcel Energy has announced plans to invest $1.6 billion to build wind farms in eastern New Mexico and West Texas.
The energy company announced Tuesday that it has filed proposals with the New Mexico Public Regulation Commission and the Public Utility Commission of Texas to construct and operate two facilities and to purchase wind under a third transaction.
David Hudson, president of Xcel Energy of New Mexico and Texas, said the wind initiative is part of his company's larger strategy to lower the cost of energy production.
"These new wind facilities will cost $1.6 billion to build," Hudson said, "but will allow us to produce wind energy at a cost lower than energy produced at our coal and natural gas-fueled plants."
Read more: http://www.elpasotimes.com/story/news/2017/03/22/xcel-plans-16-billion-wind-farms-new-mexico-west-texas/99516242/
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