City of Raton, New Mexico Selects Guzman Energy as new Wholesale Power Provider

Commitment to deliver fixed fee, predictable cost and reliable energy were key to selection following competitive RFP

DENVER & RATON, N.M.--(BUSINESS WIRE)--Today, Guzman Energy announced it will become the wholesale energy supply partner for the City of Raton, N.M. providing the City with 48,000 MWh of electricity a year. The announcement follows a competitive review of service provider proposals. With this agreement, the City of Raton will gain greater control and predictability of energy costs, and expects the partnership will provide significant savings and benefits.

The Guzman Energy team brings extensive experience in developing customized energy solutions. For the City of Raton, the agreement includes a fixed-price structure that will eliminate energy price volatility. The full-requirements power agreement covers a 10-year term between Guzman Energy and the City of Raton and begins July 1, 2021. Other benefits of the agreement include:

• Optimization of City-owned gas generation power plant
• Ability for City to build local solar power generation with battery storage
• Creation of joint community fund to provide opportunities and benefits to City residents

“The City of Raton is a special place, and they are to be commended for making changes to their energy supplies that will positively impact their community,” said Jeffrey Heit, principal, managing director at Guzman Energy. “Guzman Energy is committed to working alongside our customers like Raton to deliver optimal power supply and better economic solutions while also being a true community partner.”

“The City of Raton is pleased to enter into partnership with Guzman Energy to meet the community’s electrical energy needs for the future,” said Scott Berry, city manager of the City of Raton. “I am confident that this partnership will support the City’s efforts to revitalize and grow Raton’s economic base and transition to sustainable energy sources.”

About Guzman Energy

Guzman Energy is a wholesale power provider dedicated to communities in search of affordable and reliable energy. We partner with cooperatives, municipalities, companies and tribes across North America to customize energy portfolios that make economic and environmental sense for today and tomorrow. Together, we are lighting the way forward. To learn more, visit https://guzmanenergy.com.

About Raton, New Mexico

Located at the base of the Raton Pass, the highest point along the historic Santa Fe Trail, Raton is a small town tucked away in the Rocky Mountains. The city is also located about 6.5 miles south of the New Mexico–Colorado border and 85 miles west of Texas. With four seasons, clean air and crystal-clear waters, Raton's public lands and state parks call outdoor enthusiasts from near and far. To learn more, visit https://ratonnm.gov/.