Xcel seeks $1.9 billion from Colorado customers to fund wildfire mitigation after 2021 blaze [Yahoo! Finance]
Xcel Energy Inc. (XEL)
Last xcel energy inc. earnings: 1/30 06:00 am
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Source: Yahoo! Finance
after its involvement in devastating blazes in Colorado and Texas posed safety and financial hazards. If Colorado regulators approve the wildfire plan covering 2025-27, it would raise the monthly bill for a typical customer there by 9.56%, or about $8.88 a month by January 2028. It would not impact bills for Minnesota customers. "Our goal is to ensure that no catastrophic wildfire is started by Xcel Energy assets," Xcel CEO Bob Frenzel said in a Thursday statement. "And, while we've made significant wildfire safety progress in Colorado and achieved key goals, there is still work to be done to meet the evolving threat." The Minneapolis-based company is facing an onslaught of lawsuits from those two fires that could push costs beyond its $500 million yearly insurance coverage in each case. In February, an Xcel utility pole fell in high winds and ignited the massive Smokehouse Creek Fire in northern Texas, the largest in a series of blazes that killed two people and spread to more
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XEL
News
- Xcel Energy Second Quarter 2024 Earnings Conference CallBusiness Wire
- Suspect arrested, fireworks suspected in Flagstaff Road fire in Boulder County, Colorado [CBS News]CBS News
- Home on Rapidan Dam partially devoured by Blue Earth River in southern Minnesota [CBS News]CBS News
- Why Did Analysts Give Xcel Energy Inc. (XEL) a Moderate Buy Rating? [Yahoo! Finance]Yahoo! Finance
- Nearly half of Minnesota under "unprecedented" flooding, and some rivers are at or above record levels [CBS News]CBS News
XEL
Earnings
- 4/25/24 - Beat
XEL
Sec Filings
- 6/6/24 - Form 11-K
- 6/6/24 - Form 11-K
- 6/6/24 - Form 11-K
- XEL's page on the SEC website