New Mexico, Texas Oil Boom Sparks Electricity Demand Surge

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Electricity demand on Xcel Energy’s grid is reaching all-time records thanks to the oil and gas boom in southeastern New Mexico and West Texas.
    
Xcel Energy New Mexico and Texas president David Hudson says oil and gas production in the Permian Basin is driving accelerated load growth on the grid.
    
The regional transmission network delivered 6.15 gigawatts of electricity to customers on July 19. That’s about 350 megawatts more than the company had predicted in peak demand on any given day for this year, and the highest amount ever managed by the network.
    
Hudson told the Journal that a heat wave in July contributed to the surge, but the Minneapolis-based company is seeing extreme strength in load growth in New Mexico’s Eddy and Lea counties.

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