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Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving more than 3.7 million electric customers and 2.1 million natural gas customers across parts of eight states (Colorado, Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Texas and New Mexico). [3]
Xcel Energy wants to ensure a stable leadership team during its transition to clean energy, so the company's board voted to pay $9 million to Chief Executive Bob Frenzel should he stay through ...
Utility help to set up home electric vehicle charging was underway in Minnesota from Xcel Energy in 2019. [48] The effort includes providing car dealerships with tools and training to advise electric car buyers about how to charge their cars at home. Xcel installs home chargers capable of charging at times when electric rates are lowest.
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Xcel said its wind farms save customers about $3 billion in power costs resulting from renewable energy tax credits since 2017. More: Work is beginning on SunZia wind power project in New Mexico ...
Xcel Energy held a reception for nonprofits in Texas and New Mexico last week, awarding $346,000 to 38 nonprofits in those regions in recognition of the excellent work these community ...
Prior to assuming the role of CEO, Fowke worked in a number of different capacities at Xcel Energy Inc. In 2014, he drew industry admiration as he began navigating the company to become more environmentally sustainable in anticipation of changing EPA regulations. [4] He was the president and COO from August 2009 to August 2011. [1]
The aging nuclear plants are a crucial part of Xcel's plans for a carbon-free energy grid by 2040. Nuclear makes up about 30% of the utility's power supply in the Upper Midwest.