Welcome to our dedicated page for Xcel Energy news (Ticker: XEL), a resource for investors and traders seeking the latest updates and insights on Xcel Energy stock.
Xcel Energy Inc (NASDAQ: XEL) provides essential electric and natural gas services to millions across eight U.S. states while leading in renewable energy adoption. This news hub offers investors and stakeholders immediate access to official corporate communications and market-moving developments.
Track critical updates including quarterly earnings reports, regulatory filings, infrastructure investments, and clean energy initiatives. Our curated collection ensures timely access to press releases about rate changes, grid modernization projects, and sustainability milestones that shape XEL's operations.
Discover verified information on strategic partnerships, service territory expansions, and environmental compliance matters. The repository serves as an essential tool for monitoring this utility leader's progress in balancing reliable energy delivery with its industry-leading carbon reduction goals.
Bookmark this page for streamlined access to Xcel Energy's latest operational updates, financial disclosures, and regulatory proceedings. Check regularly for authoritative information directly affecting the company's position in the evolving utilities sector.
Xcel Energy has achieved a major milestone by reaching 10,000 megawatts of wind energy capacity online, driven by 10 new wind projects across the Upper Midwest, Colorado, Texas, and New Mexico. By year-end, over 31% of the company's energy capacity is expected to be from wind. Xcel Energy's ambitious goal includes reducing carbon emissions by 80% by 2030 and reaching 100% carbon-free energy by 2050. The projects generated thousands of construction jobs and provided economic benefits to local communities.
Xcel Energy reported 2020 earnings of $1.47 billion, or $2.79 per share, up from $1.37 billion or $2.64 per share in 2019. The company highlighted key milestones amid COVID-19 challenges, including a $750 million wind farm repowering plan in Minnesota aimed at significant customer savings and job creation. The approval of an electric vehicle plan in Colorado was also announced. Additionally, Xcel committed nearly $20 million to community support and detailed plans to retire coal plants, targeting 80% carbon reduction by 2030 and 100% carbon-free electricity by 2050.
Xcel Energy has announced plans to implement a 900 MHz private wireless broadband network using Anterix's spectrum, intended to enhance response times for electric outages and support smart meters. The network, deployed by Motorola Solutions, will be operational at two sites in Minneapolis and aims to bolster grid security and communication. This initiative follows recent FCC actions allowing infrastructure providers to establish private networks, ultimately benefiting customers through improved service and advanced technology integration.
Xcel Energy has announced a plan to redeem all outstanding 2.40% Senior Notes due March 15, 2021, totaling $400 million, on February 16, 2021. The redemption price will include the principal amount and any accrued interest. This announcement serves as a notice of intent rather than a formal redemption notice, with details to be provided by the trustee, Wells Fargo Bank. Forward-looking statements in the PR indicate that actual execution may be subject to various economic and industry risks.
Xcel Energy (NASDAQ: XEL) will host a conference call on January 28, 2021, at 9:00 a.m. Central Time to discuss its fourth quarter and year-end financial results for 2020. Earnings will be released before the market opens. Participants must dial in 5-10 minutes prior to the call, using US dial-in number 888-394-8218 or the international number 400-120-8590, with conference ID 6174235. The call will also be broadcasted live on the company's website, with a replay available until January 31, 2021.
Xcel Energy Inc. (NASDAQ: XEL) has declared a quarterly dividend of 43 cents per share, scheduled for payment on January 20, 2021. This dividend is payable to shareholders of record as of December 23, 2020. With operations across 8 states, Xcel Energy serves 3.7 million electricity and 2.1 million natural gas customers. The company continues to provide a wide range of energy services, reinforcing its position in the market.
Xcel Energy Inc. (NASDAQ: XEL) announced the submission of a redemption notice to redeem all outstanding 2.60% Senior Notes, Series due March 15, 2022, on December 1, 2020. The aggregate principal amount outstanding is $300 million. The redemption price will be the greater of the principal amount or a make-whole premium, plus accrued interest. This announcement serves as an advisory, and holders of the Notes will receive a formal notice from Wells Fargo Bank, the trustee. Forward-looking statements indicate potential risks affecting the redemption.
Xcel Energy reported a third-quarter GAAP and ongoing earnings of $603 million, or $1.14 per share, in 2020, up from $527 million, or $1.01 per share, in 2019. The company narrowed its 2020 earnings guidance to $2.75 to $2.81 per share and provided a 2021 outlook of $2.90 to $3.00 per share. Plans for a $22.6 billion investment in base capital over five years include $1.4 billion to address COVID-19 impacts, aiming to create 5,000 jobs and expand its renewable energy portfolio. A 10-year vision aims to power 1.5 million electric vehicles by 2030.
Xcel Energy (NASDAQ: XEL) will host a conference call on October 29, 2020, at 9:00 a.m. CT to discuss its third quarter 2020 financial results. Earnings will be released prior to market opening. Participants can join via US Dial-In: 866-575-6539 or International Dial-In: 400-120-9101, using Conference ID: 9230440. The call will also be available for replay from October 29 to November 1, with specific replay numbers provided. Xcel Energy focuses on providing clean energy solutions across eight states, emphasizing reducing carbon emissions.
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