DALLAS — Proceeds from an estimated $1.65 billion of industrial revenue bonds would link the nation’s three major power grids and bear the name of Clovis, N.M., but the town will carry no risk if the project falters, officials say.

The taxable IRBs will allow developers of the proposed Tres Amigas SuperStation to avoid state and local taxes while issuing debt under the name of the town in eastern New Mexico, according to those involved in the planning.

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