The Albuquerque Electric Power Company is created to provide and distribute electric power to provide for a growing town with a new streetcar, transit company and a lumber company along with 608 customers. The company partners with the American Lumber Company to lease land for a new 500-kilowatt power plant and supplied fuel and water for boilers and in return provided the lumber company with continuous electric service.
Threat from an outside takeover forces a partnership of the Albuquerque Electric Power Company and Albuquerque Gas, Electric Light and Power Company in September of 1904.