New Mexico Sees Boom in Transmission Investments as Permian Oil Production Expands
SUGAR LAND--October 21, 2014--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Strong industrial growth in southeastern New Mexico--including surges in oil and gas production and potash mining--has convinced Xcel Energy Incorporated (NYSE:XEL) (Minneapolis, Minnesota) to invest about $557 million in transmission and substation assets there over the next six years. Booming oil and gas production and a robust potash mining business are driving the need for more electricity and increased electric infrastructure.
Within this article: Details of the Hobbs-Kiowa line, the Kiowa-North Loving-China Draw line, the Potash Junction-Roadrunner line, and the Livingston-Sage Brush-Cardinal line.
