Lawmakers confident in support for tax break bill

Alisa Boswell State tax breaks for corporate electricity, which could affect companies such as Tres Amigas, could definitely be in New Mexico’s future, according to local state representatives. Rep. George Dodge, D-Santa Rose, said House Bill 116, which allows deductions in gross receipt taxes on corporate electricity, was recently passed the Business and Industry Committee […]

Tres Amigas bill headed for hearing

ALBUQUERQUE, N.M. (AP) — New Mexico lawmakers are considering a set of proposed tax incentives aimed at enticing the developers of the $1.5 billion Tres Amigas SuperStation to locate their headquarters and an associated trading exchange in the state. The Tres Amigas project, first announced in 2009, includes building a hub across 22 square miles […]

Officials hope measure will keep Tres Amigas headquarters in state

Alisa Boswell State officials are pushing a new legislative bill that would change tax laws because they believe it will encourage Tres Amigas to build their headquarters in eastern New Mexico rather than west Texas. Tres Amigas is planning to build a power grid near Clovis that will connect North America’s two major power grids […]

Officials: Tres Amigas groundbreaking set for July

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Benna Sayyed Groundbreaking for the Tres Amigas superstation that will serve as the nation’s first renewable energy market hub is expected in July, according to Tres Amigas officials. The new power facility to be built on 14,400 acres will be located northeast of Clovis, near the intersection of Hwy 209 and Curry County Rd. 31. […]

Foreign investors partner with Tres Amigas (updated)

The Associated Press ALBUQUERQUE —A $1.5 billion effort to link the nation’s three major electricity grids is getting a boost from Japanese investors and a European company well versed in integrating power markets. The partnerships with Mitsui and Co. and the European Power Exchange will ensure access to a large talent pool and funding for […]

Business digest — Jan. 3

Company invests in Tres Amigas Global trading, IT and infrastructure services company Mitsui and Co. has agreed to invest $12 million into the Tres Amigas power grid project that will be located east of Clovis. The transmission hub will connect American’s three primary electricity grids — Eastern, Western and Texas — to allow better infrastructure […]

Tres Amigas officials tout project’s possibilities

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CNJ staff photo: Kevin Wilson Frank Barbera, director of reliability assurance for Tres Amigas, speaks on the future of the power superstation during a legislative luncheon Thursday at the Clovis Civic Center. A groundbreaking is planned for the second quarter of 2012, with full operation by the end of 2014. Kevin Wilson Tres Amigas officials […]

Official: Tres Amigas construction could begin early next year

Robin Fornoff If all goes as planned, construction could begin on the $1.5 billion Tres Amigas electrical power project near Clovis sometime in the first quarter of 2012. That’s what President and CEO Phillip Harris told a gathering of community leaders Wednesday. Harris said construction would bring “literally hundreds” of temporary jobs to eastern New […]

Tres Amigas official hopes to break ground in fall

Kevin Wilson Tres Amigas is pushing paperwork at the moment. The company is hoping to push materials by August, and push power across the nation two to three years later. Clovis Industrial Development Corporation Executive Director Chase Gentry figures it will be mid-2012 before any significant economic impact comes from the project, which will connect […]

Officials: Clovis superstation step closer to reality

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CNJ staff photo: Kevin Wilson Tres Amigas LLC CEO Phillip Harris, left, and Public Land Commissioner Patrick Lyons sign a lease agreement for land to be used for the power superstation. Kevin Wilson Paperwork, then power. Tres Amigas LLC and the State Land Office signed a lease agreement Thursday that clears another hurdle to create […]