AGP Executive Report
Last update: 5 hours agoData Center Power and Climate: New Mexico’s proposed data centers could drive more than 10 million tons of greenhouse gas emissions a year—roughly double current output—while the climate plans from the state and El Paso did not account for them. Project Jupiter’s buildings are nearing completion, but power and pipeline approvals remain unresolved. Oracle projects a $13 billion state economic impact; Morgan Stanley warns power delays at Oracle projects, including Jupiter, could defer revenue and add pressure to the company’s debt. Broadband Investment: Kit Carson Electric Cooperative signed New Mexico’s first BEAD grant agreement: $26.9 million for fiber access to 3,935 locations across five counties, with $12 million in matching funds from the co-op. Credit Union Dispute: Albuquerque-based U.S. Eagle Federal Credit Union denies a Texas bank’s allegations that it resold risky, federally backed loans without disclosing borrowers’ financial problems. The lawsuit seeks $2.8 million in damages.
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