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Xcel Energy Plans Significant Increase In Wind Purchases

July 11, 2013

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:

  • 199 MW from NextEra Energy Resources/Mammoth Plains Wind Energy Center located in Dewey and Blaine Counties, Okla.;
  • 249 MW from NextEra Energy Resources/Palo Duro Wind Energy Center located in Hansford and Ochiltree Counties, Texas; and
  • 250 MW from Infinity Wind Resources/Roosevelt Wind Ranch in Roosevelt County, N.M., between the towns of Dora and Elida.

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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