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Grid Project to Locate Headquarters in New Mexico

Developers of a $1.5 billion effort to link the United States' three major electricity grids have decided to locate their headquarters and an associated electricity trading floor in New Mexico. The Tres AmigasSuperstation hub will be built across 22 square miles in eastern New Mexico. Company officials had been considering locations in Texas and New Mexico for the project's headquarters and trading operations.

U.S. Rep. Ben Ray Lujan announced Wednesday that New Mexico had won out. Still, Tres Amigas officials have yet to decide the final location within the state. Lujan, a New Mexico Democrat, says the project will result in an influx of new jobs. Construction on the hub is expected to begin this summer.