July 22, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Xcel Energy Incorporated (Minneapolis, Minnesota) intends to develop additional power sources in a region where the company predicts rapidly escalating power demand: Texas and New Mexico. The company late last week announced its intention to construct more than 5,100 megawatts (MW) of new power generation in the two states. Xcel's targeting of the two states comes as the company forecasts that power demand in the region will grow by more than 40% by 2030 due to population growth, industrial expansion and increased electrification.
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