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) is a Minneapolis-based regulated utility that generates and distributes electricity and natural gas to millions of customers across eight Western and Midwestern states. The XEL news feed on Stock Titan brings together company announcements, regulatory updates and financial disclosures that shape the outlook for this multi-state utility.
Investors following Xcel Energy news will see regular earnings reports and guidance updates, where the company discusses GAAP and ongoing earnings, infrastructure investment plans and the performance of its major operating companies, including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company and Northern States Power Company-Wisconsin. These releases often explain how rate recovery, operating expenses, depreciation and interest costs affect results.
The news stream also features regulatory and legal developments, such as rate case filings in Colorado, New Mexico and Wisconsin, and updates on matters like the Marshall Wildfire litigation. These items provide insight into potential changes in customer rates, capital recovery and risk management for the business.
Corporate governance and capital markets activity are another focus of XEL news. Recent items include the election of new independent directors, the issuance of junior subordinated notes, and cash tender offers for first mortgage bonds issued by subsidiaries. Community and philanthropic initiatives, including grants and large volunteer efforts through the Xcel Energy Foundation, are also highlighted, reflecting the company’s engagement across its eight-state service area.
By monitoring this page, readers can track how Xcel Energy manages its regulated utility operations, advances its clean energy transition goals and responds to financial, regulatory and community priorities over time.
Xcel Energy (NASDAQ: XEL) will hold a conference call on April 29, 2021, at 9:00 a.m. Central Time to discuss its first quarter 2021 financial results. Earnings will be released before the market opens. Participants are encouraged to dial in 5-10 minutes prior to the start time using ID 7731118. The call will be available for live broadcast and archived on Xcel Energy's website. A replay will be accessible from 12:00 p.m. on April 29 until 12:00 p.m. on May 2, 2021.
Xcel Energy – Colorado has unveiled its Clean Energy Plan, targeting an 85% reduction in carbon dioxide emissions by 2030, surpassing state requirements. The initiative aims to double renewable energy and battery storage, ensuring that 80% of electricity comes from renewable sources while maintaining affordability. Key elements include adding 5,500 MW of renewable generation, reducing coal operations, and enhancing grid reliability. The plan anticipates minimal impact on customer bills, with increases aligning with inflation. Xcel will present this plan to the Colorado Public Utilities Commission next month.
Summary not available.
Xcel Energy has achieved a significant milestone in its commitment to 100% carbon-free electricity by 2050, marking the second consecutive year of major progress. In 2020, the company reduced carbon emissions by approximately six million tons, a 12% decline from 2019, equivalent to removing nearly 1.2 million cars from the road. Since 2005, Xcel has cut emissions by 51%, outpacing the electric power sector's overall reduction. The growth in wind energy capacity, with over 2,200 megawatts added in 2020, plays a crucial role in these reductions while providing $430 million in fuel savings for customers.
Xcel Energy Inc. (NASDAQ: XEL) announced a quarterly dividend increase from 43 cents to 45.75 cents per share, marking a 6.4% hike and a projected annual rate of $1.83 per share. This dividend will be payable on April 20, 2021, to shareholders of record by March 15, 2021. The increase aligns with Xcel's goal of a 5-7% annual dividend growth, reflecting the company's confidence in its long-term business strategy and commitment to delivering strong returns to shareholders.
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.
Summary not available.
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.