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

Matt Cardy, Getty Images

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.

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