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Lea County Coop Dedicates New Gas Plant

Lea County Electric Cooperative, Inc., which serves New Mexico and West Texas, recently saw its first wholly owned generation plan come online.  Construction financing for the 47-MW, natural gas-fired plant was provided by the National Cooperative Servic
March 20, 2012

Lea County Electric Cooperative, Inc., which serves New Mexico and West Texas, recently saw its first wholly owned generation plan come online.  Construction financing for the 47-MW, natural gas-fired plant was provided by the National Cooperative Services Corporation and consisted of a $55 million secured bridge line of credit and a $10.4 million secured letter of credit to support equipment purchases.  Click here for more.

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