New Mexico, Texas oil boom sparks electricity demand surge ALBUQUERQUE, N.M. (AP) — 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 …

Hobbs says ‘No’ to power rate increase Call it an adamant ‘no!’ As might be expected, none of the 25 Hobbs area residents in attendance of a town hall meeting Friday supported a proposed local electricity rate increase. Public Regulation Commissioner Patrick Lyons hosted the meeting held at Hobbs City Hall. Officials with Southwestern Public Service Company, a subsidiary of Xcel Energy, asked a …