Hungry for energy, Phelps Dodge to acquire stake in NM power plant

Nov 16, 2004 | 07:39 AM | Julie Bresnick

Phelps Dodge Corp., Phoenix, has agreed to buy one-third of a power plant in New Mexico to help power part of its operations in the region.

The company expects construction of the 570-megawatt plant in Deming, N.M., to be completed by summer 2006.....

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