Southwest Power Pool participants could see $1.4 billion in net benefits.
Energy prices fell 1.4 percent in April, the biggest one-month decline since March 2009.
Utilities serving Colorado and most of Wyoming are inching closer to joining the Southwest Power Pool, an electricity transmission network stretching across 14 states from north Texas to North Dakota.
Some say it could bring more than $1 billion in benefits to regional utilities, although what that might mean to ratepayers is unknown.
“We see this as an opportunity to shape our future,” Mary Ann Zehr, senior manager of transmission...View More
TAOS, N.M. – Like nearly all places, Taos and adjoining communities consume fossil fuels voraciously. Most of the electricity comes from coal-fired power plants, and homes are heated by natural gas and propane. Cars and trucks are fueled by gasoline and diesel.
Can all this be converted to renewables? It's a tall task, but a group called Renewable Taos Inc. has a vision for this giant energy transition. At the center of this vision is Kit Carson Electric Cooperative. Until last year, it got its electricity from Tri-State Generation and...View More
New Mexico has 76 solar companies and had 2,929 solar jobs in 2016, a 54 percent increase from 2015, according to a report from the nonprofit Washington, D.C.-based Solar Foundation. About a fifth of those jobs are in manufacturing. Others are in installing, sales, project development, training, research and development. New Mexico ranked No. 8 in the country for solar jobs per capita. Most are in Bernalillo County.
The foundation’s jobs census says that one of every 50 new jobs in the country was in the solar industry, which added...View More
Florida-based Guzman Energy on Tuesday announced a power purchase agreement with the Jicarilla Apache Nation.
Guzman Energy will provide power to the nation, which has 3,500 members, for seven years, according to a news release.
Financial terms of the agreement weren't disclosed.
The Jicarilla Apache Nation covers 377,000 acres of land in the San Juan Basin. Members of the nation manage 2,000 oil and gas-producing wells. The nation is the largest mineral rights owner in the basin after the United States government, according to the Energy Information Administration.
“We are pleased to work...View More
(Coral Gables, FL; November 21, 2016) – Guzman Energy has signed a long-term Power Purchase Agreement with the Jicarilla Apache Nation. The agreement represents the continued growth of Guzman Energy in the region and adds to its already significant operations across Northern New Mexico. Under the terms of the contract, Guzman Energy will provide power to the Nation, which consists of approximately 3,500 members, for the next seven years. “We are pleased to work with the Jicarilla Apache Nation to ensure their access to a safe, reliable, and cost effective...View More
The company and its services: Guzman Energy is a trading and marketing firm that uses its energy expertise and sophisticated computer programs to supply customers with electricity and natural gas at the lowest prices available in the energy market.
The Coral Gables-based company looks for imbalances in the market, like an underutilized electric generating plant or surplus power supplies, and can sell energy to buyers — mostly municipal energy companies and rural power cooperatives — at lower prices than standard utilities.
Guzman buys and sells physical volumes of electricity from traditional power...View More
(Coral Gables, FL.; July 8, 2016) – Guzman Energy is proud to announce the launch of its Real-Time Operations Desk in Denver, Colorado. The dedicated energy trading operation already powers a significant portion of Northern New Mexico.
"The launch of our new, twenty-four hour (24/7) Real-Time Operations desk expands Guzman Energy’s current service offerings to include the real-time management of loads and resources in many of the North American markets, while we continue to drive economic value for our customers," said Lance Titus, Head of Trading at Guzman Energy. “We are...View More
(Coral Gables, Florida and Taos, New Mexico, June 27, 2016)– The Kit Carson Electric Cooperative (Kit Carson) in Northern New Mexico and Guzman Energy Group in Florida announced today that Guzman Energy Group’s affiliate, Guzman Renewable Energy Partners (GREP), have entered into a long-term power purchase agreement. Guzman Energy Group, a specialty energy company that finances, trades and operates energy assets across North America, was selected by Kit Carson following an extensive and competitive request for proposals (RFP) process initiated last summer. GREP will provide wholesale electric supply to...View More
FARMINGTON — Aztec will have a special City Commission meeting at 7 a.m. Monday to discuss a power contract with Guzman Energy.
City Manager Josh Ray said the city will need to amend its purchase power contract due to changes in the way that Guzman Energy is financing the solar farm that is being built in west Aztec.
Edwin Reyes, a consultant with Enchantment Energy Consulting LLC, said Guzman Energy had initially planned on doing financing through a tax-equity partner but has since decided to go through a standard project financing.
"In order to do project...View More
Guzman Energy breaks ground at Aztec Solar Facility
(Coral Gables, FL.; May 19, 2016) – Guzman Energy, a specialty energy company based in Florida, hosted a groundbreaking ceremony Thursday morning for the new Aztec Solar Facility, a 1MW solar photovoltaic farm located in Aztec, New Mexico. Aztec Mayor Sally Burbridge and her fellow City Commissioners, as well as San Juan County officials, were on hand to celebrate the area’s first solar array. The project is part of a long-term power purchase agreement between Guzman Energy and the City of Aztec. Guzman...View More