Xcel Energy Plans Significant Increase In Wind Purchases

NAW Staff, Thursday 11 July 2013 - 00:00:00

Xcel Energy's Southwestern Public Service Co. is seeking approval in New Mexico to purchase almost 700 MW of additional wind energy through three purchase agreements, deals that will save Texas-New Mexico customers more than $590 million in fuel costs over 20 years.

According to Xcel, the wind purchases will come from three facilities to be located in Oklahoma, Texas and New Mexico:
The price per megawatt-hour of energy generated at these wind facilities will be less than the per-megawatt-hour price of most of the company’s natural gas-fueled generation, according to Riley Hill, president and CEO of Southwestern Public Service Co. Over the 20-year terms of these agreements, Xcel Energy expects to save $590.4 million in fuel costs, Hill notes.



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