Local consumption of Excel Energy supports local economy | KLBK | KAMC

fBelow is a press release from Xcel Energy.

Amarillo, Texas (Press Release) — In addition to powering the local economy with clean, reliable electricity, Xcel Energy is spending hundreds of millions of dollars on businesses in Texas and New Mexico to create local jobs. and support economic development.

In 2021, Xcel Energy bought nearly $745 million in goods and services from companies in Texas and New Mexico, hitting local economies bouncing back from the impact of the pandemic. This amount significantly exceeded the amount spent on local businesses in 2020.

“Local businesses are essential to the work we do on a daily basis, and the dollars put into the economy through our dealings with businesses in communities both large and small underpin many local jobs, both inside and outside the company. ‘ said. Adrian J. Rodriguez, President, Xcel Energy – New Mexico, Texas. “We couldn’t have done this without the help of his partners in these important businesses.”

Local communities also benefit from the property tax revenue generated by Xcel Energy’s region-wide electrical network. In 2021, Excel Energy paid $62 million in property taxes to municipalities in the Panhandle and South Plains regions of Texas, as well as New He East and Southeast Mexico. In addition, Excel Energy paid local and county governments her $22.3 million franchise fee, providing a reliable source of revenue to fund critical services throughout the region.

Excel Energy also benefits the communities it serves by continuing to support economic development efforts. The company works closely with local governments, regional economic development organizations and chambers of commerce to help sustain existing businesses and attract new jobs to the region. In 2021, the company has been involved in development projects with a total capital investment of $90 million. Xcel Energy also offers his online inventory of the region’s most marketable industrial sites and buildings. Economicdevelopment.xcelenergy.comSite consultants will use this inventory to provide local information, including data on power capacity and infrastructure, access to transportation and communications networks, and other criteria designed to reduce time to market. Find information about businesses and industrial parks.

“It is important to us personally and as employees of a leading energy company in our region that our communities thrive economically,” Rodriguez said. We will be here for many years to come.”

Excel Energy operates in 96 towns and cities within a 52,000 square mile service area that includes the Panhandle and South Plains regions of Texas and much of eastern New Mexico. The company’s high-voltage power grid extends from southwestern Kansas through the Texas Panhandle and the South Plains to New Mexico in southeastern Mexico.

The company employs 1,455 full-time workers in Texas and 256 full-time workers in New Mexico.

About Excel Energy

Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses in eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.

(Excel Energy press release)

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