Xcel Energy to invest $770 million in New Mexico and Texas

Solar panels at the Springfield solar farm in the Town of Lomira, as seen on Tuesday, June 20, 2023.


Xcel Energy plans to invest nearly $770 million in power-generating operations in Texas and New Mexico and at the same time, extend the life of two older natural gas-fueled units.

The company said thee upgrades and additions to its generating fleet in the two states will return $116 million in added tax revenue to the host communities and also save customers $900 million to $2 billion in fuel costs over 35 years reported the Lubbock Avalanche-Journal.

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