
Developers of the SunZia transmission project say they and the Western Area Power Administration have reached an agreement that includes terms and options for the agency's potential participation in the project.
SunZia declined to provide details, saying the agreement was confidential. Still, the developers say it's a milestone that could open up more financing opportunities for the $1.5 billion project.
The 515-mile SunZia line would carry wind-generated electricity from the plains of New Mexico to Arizona.
As it stands now, the SunZia line would come into Luna County near Lake Valley, and a mid-point substation would be built approximately 10 miles north of Deming, just off Highway 26.
Construction on the first phase is expected to begin later this year.