CARLSBAD, N.M. (AP) — Xcel Energy has finished the first segment of a $400 million transmission project that will deliver power from a hub in West Texas to southeastern New Mexico's booming oil and gas region.
Officials gathered Thursday in New Mexico to dedicate an 86-mile transmission line that stretches from Hobbs to Carlsbad.
The company says the rapid growth of energy development in New Mexico happened in an area with few major transmission lines. As part of initiative launched in 2011, Xcel planned for new lines to boost capacity and to broaden the electricity import and export market.
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