Business Services Industry
Public Service Company of New Mexico to Supply Power to Mesa, Ariz.
Knight Ridder/Tribune Business News, December, 2003
By Rosalie Rayburn, Albuquerque Journal, N.M. Knight Ridder/Tribune Business News
Dec. 23--ALBUQUERQUE, N.M. -- Public Service Company of New Mexico has signed long-term deal to supply 35-megawatts of power to the city of Mesa, Ariz. PNM said it expects the contract to bring in $12 million in 2004.
Under the deal already approved by the Mesa City Council, PNM will replace Ohio-based American Electric Power as the supplier to complete a contract that runs through 2013.
PNM took over the contract because AEP wants to concentrate its business in its own Mid-western market, Miller said.
New Mexico's largest utility said it will supply power for the contract from its own power plants, including the Palo Verde nuclear plant near...
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