Serving Clovis, Portales and the Surrounding Communities
Serving Clovis, Portales and the Surrounding Communities
Xcel Energy issued a news release Monday that pointed out the company not only provides the electricity for the area economy but also contributes a substantial amount of economic support through hundreds of millions of dollars spent on goods, services, taxes and fees.
The news release notedi n 2022 Xcel Energy purchased almost $784 million in goods and services from businesses New Mexico and Texas, up from the $745 million in local spending the year before.
“Local governments such as school districts, cities and counties benefitted from close to $177 million in franchise fees and tax revenues in 2022 that help pay for the services vital to the area’s quality of life,” the news release read.
Adrian J. Rodriguez, president, Xcel Energy – New Mexico, Texas said, “It’s important that we maintain this vital partnership as we support our shared vision of a prosperous region that provides opportunities for everyone.”
The report noted nonprofits are an important part of the partnership. Xcel Energy and the Xcel Energy Foundation donated more than $1.1 million in its Texas-New Mexico service area in 2022, a large amount of which benefitted United Way organizations throughout the region.
“Employees and retirees donated an additional $364,000 to area nonprofits in 2022 and gave hundreds of hours of volunteer time to nonprofit causes,” according to the report.
The report went on to note Xcel Energy’s investments in new and upgraded lines, substations and generating facilities are coordinated with local economic development efforts, providing area communities a strong advantage as they seek to expand and retain business and create jobs.
Rodriguez said, “Our team’s roots run deep here, and we’ll be here for many years to come.”
According to the news release, Xcel Energy operates in 96 towns and cities in a 52,000-square-mile service area that includes a large portion of eastern New Mexico and the Panhandle and South Plains regions of Texas.
The report also detailed the company’s high-voltage transmission network which stretches from southwestern Kansas through the Texas Panhandle and South Plains into southeastern New Mexico.
“The regional grid is part of the Southwest Power Pool and is not tied with ERCOT in Texas or the Western Electricity Coordinating Council (WECC) that serves a large portion of New Mexico,” the report reads.
Xcel employs 1,615 full-time workers in Texas and 253 in New Mexico.
