Xcel Energy is seeking proposals for a major expansion of its Texas-New Mexico power generating system as older power plants are retired in the coming years and electricity demand is forecast to increase to meet the needs of a growing regional economy.

“We have served this region for more than 100 years, and we have a strong history of investing in power generating resources to sustain the growth of our communities and key industries at key points in their development,” according to Adrian J. Rodriguez, president, Xcel Energy Texas–New Mexico. “We are excited to have another historic opportunity to realize an energy future that is cost-efficient, diverse and balanced with an aim of serving our customers economically for years to come.”