Xcel Energy Customers in Texas & New Mexico to Receive Bill Credit

Xcel Energy customers in Texas will benefit from the sale of some of the company’s assets.

Those Xcel Energy customers will receive a one-time bill credit on their February 2014 bills that will lower the average residential bill by $7.54.

Last year, Xcel Energy sold a portion of a transmission line running from Hobbs, New Mexico to Midland, Texas to Sharyland Distribution and Transmission Services.

Xcel also sold the group a company-owned substation near Midland, a portion of the Grassland-to-Borden transmission line, and the Borden Substation.

Texas and New Mexico regulators approved a plan last year to share proceeds of the sale with retail customers, who also benefited from the assets over the years.

Wholesale customers such as co-ops and municipalities, including Lubbock Power and Light, will not receive the credit.