Home News Local News Xcel Energy spends $35 million for 2018 services in NM

Xcel Energy spends $35 million for 2018 services in NM

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Xcel Energy, which employs more than 1,600 workers in its Texas-New Mexico operations, spent $35 million in New Mexico in 2018 to pay for needed goods and services.

It also spent $422 million with Texas vendors last year, according to a company new release.

The services and goods cover everything from food, lodging and fuel to items such as conductor wire and specialized equipment to build and maintain a complex power grid.

“Generating electricity in our home region and delivering it across thousands of miles of high-voltage power lines involves businesses in every town we serve,” said David Hudson, president, Xcel Energy — New Mexico and Texas. “We support our communities and they support us, and this has been the case throughout our 115-year history of service in Texas and New Mexico.”

Xcel Energy’s support extends to area taxing entities as well. As an investor-owned utility, the company paid more than $56 million in taxes in Texas in 2018 and another $40 million in New Mexico. On top of these tax payments, the company paid more than $20 million in franchise fees to cities served by Xcel Energy in both Texas and New Mexico. Xcel Energy operates in 94 towns and cities in a 52,000-square-mile service area that includes the Panhandle and South Plains regions of Texas and a large portion of eastern New Mexico.

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The company’s high-voltage transmission network stretches from southwestern Kansas through the Texas Panhandle and South Plans to southeastern New Mexico. Ten percent or more of the company’s area employment base is comprised of military veterans, who actively support veteran initiatives in the area. Employees from all backgrounds are active in their communities, and gave close to $711,000 to local United Way organizations in Texas and New Mexico, a number that includes a corporate match from the Xcel Energy Foundation. Additionally, employees volunteered more than 6,000 hours in 2018, and the company awarded $180,000 in nonprofit grants.

The company release added that the community impact should increase in the years ahead, as Xcel increases its wind-generation and electricity distribution facilities in New Mexico and Texas.

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