· Context
Fermi announces an electric service agreement with Southwestern Public Service (Xcel Energy)
Fermi said it executed an electric service agreement with Southwestern Public Service Company, an Xcel Energy subsidiary, for up to 200 MW of grid-supplied capacity, with the first 86 MW expected in the second half of 2026. Fermi says the site is in SPS's certificated service territory in the Southwest Power Pool region, not ERCOT.[1][2]
Fermi America (Fermi, Inc.)
What the sources say
- ✓ Verified
Fermi Inc. (SEC filing): Fermi's 10-K says that on December 5, 2025 it announced a definitive electric service agreement with Southwestern Public Service Company for up to 200 MW: the first 86 MW expected to be energized in the second half of 2026 and an additional 114 MW targeted, but not fully committed, for year-end 2026, possibly extending into 2027. Fermi says the agreement is subject to applicable tariffs and regulatory oversight.[1]
- Contracted mw
- 200
- First block mw
- 86
- Second block mw
- 114