Xcel Energy seeks more renewables in New Mexico

Roswell, N.M., July 30, 2012 – Xcel Energy‘s Southwestern Public Service Co. is seeking proposals for renewable resources other than wind or solar as part of its plan to diversify its renewable energy portfolio.

SPS is seeking, on an annual basis, about 88,705 MWh of “other” renewable energy generation as defined by the New Mexico Renewable Portfolio Standard, or an equivalent amount of biogas of about 665,300 MMBtu (one million British thermal units) to be in commercial operation no later than January 1, 2015. SPS prefers that the biomass resources be located in New Mexico.

This solicitation will enable the company to comply with regulatory requirements in New Mexico that call for 15 percent of the company’s New Mexico retail sales to be derived from renewable resources by 2015. As part of the diversity requirement, 10 percent of the total renewable resource requirement must consist of other technologies such as biomass, hydro, or geothermal.

Contracts are subject to explicit regulatory approval by the New Mexico Public Regulation Commission.

Bidders are required to submit a Notice of Intent to Bid no later than Friday, August 31.

Xcel Energy is a major U.S. electricity and natural gas company with regulated operations in eight Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers through its regulated operating companies. Xcel Energy’s headquarters are located in Minneapolis.

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