New Mexico Sees Boom in Transmission Investments as Permian Oil Production Expands, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Oct 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 on the Hobbs-Kiowa line, the Kiowa-North Loving-China Draw line, the Potash Junction-Roadrunner line, and the Livingston-Sage Brush-Cardinal line.

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