Fermi America inks ESA with Southwestern Public Service Company for up to 200 MW of power

BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 5.Dec.2025, Words: 186) — Fermi America signed a definitive electric service agreement (ESA) with Southwestern Public Service Company (SPS), a subsidiary of Xcel Energy, to provide up to 200 megawatts (MW) of electrical capacity to Fermi’s 11 GW Project Matador Campus.

Under the terms of the ESA, and applicable tariffs, Xcel Energy’s SPS subsidiary will begin delivering 86 MW of electrical capacity in Jan. 2026, eventually ramping up to 200 MW, Fermi announced on 5 Dec. 2025 in an official statement.