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 made significant strides in reducing carbon emissions, achieving a 54% reduction from 2005 levels in its electricity supply. The company's 19th annual Sustainability Report highlights its goal to provide 100% carbon-free electricity by 2050 and an 80% reduction in carbon emissions by 2030. In 2023, carbon-free energy constituted 50% of Xcel's energy mix, surpassing the national average of 41%. Additionally, the company cut sulfur dioxide and nitrogen oxides emissions by 83% and 85%, respectively.
Xcel Energy has excelled in service reliability, with 98% of customers having power restored within 24 hours during major storms. The company also offers some of the lowest residential electric bills in the U.S., 28% below the national average. New wind and solar projects have saved customers $4 billion from 2017 to 2023.
The report also highlights job creation, with 1,400 new jobs and $2.3 billion in capital investment in 2023. Xcel Energy spent $3.6 billion with local businesses and $1.3 billion with small and diverse suppliers. The company has also invested in community programs, including $187 million in assistance for energy bills and $15.3 million in charitable donations.
The Board of Directors of Xcel Energy (NASDAQ: XEL) has declared a quarterly dividend of 54.75 cents per share on its common stock.
The dividend will be payable on July 20, 2024, to shareholders of record as of June 14, 2024.
Xcel Energy operates in 8 Western and Midwestern states, serving 3.8 million electricity customers and 2.2 million natural gas customers through its regulated operating companies.
Xcel Energy's headquarters are in Minneapolis.
Xcel Energy has appointed Rob Berntsen as the new executive vice president and chief legal and compliance officer, succeeding Amanda Rome, who held the position on an interim basis.
Berntsen brings two decades of experience in the energy sector, having previously served in senior roles at BHE Renewables and MidAmerican Energy.
He will oversee Xcel Energy’s legal, compliance, corporate secretary, and securities teams, as the company continues its transition to a clean energy economy.
Berntsen has a strong legal background, with a juris doctor degree from the University of Iowa and a Bachelor of Science from Georgetown University. He also served as a captain in the Judge Advocate General Corps of the U.S. Army.
Fermata Energy and Xcel Energy have partnered with the City of Boulder, Colorado CarShare, and Boulder Housing Partners to launch a Vehicle-to-Everything (V2X) bidirectional charging pilot project. Located at Boulder Housing Partners’ 30 Pearl development and Molly's Spirits Lakeside facility, this project aims to convert parked electric vehicles (EVs) into mobile power units.
Using Fermata's intelligent charging platform, the project will feature four FE-20 chargers and two Nissan LEAFs to demonstrate V2X and Vehicle-to-Building (V2B) technology. This initiative aims to enhance grid resilience, reduce electric bills, and support local communities. Since December 2020, Fermata Energy's V2B technology has been utilized at the North Boulder Recreation Center, generating energy cost savings.
Fermata Energy also initiated a Vehicle-to-Grid (V2G) pilot for affordable housing in Boston. This collaboration highlights practical applications of V2X technology within Xcel Energy's service territory, promoting a sustainable and resilient energy grid.
Xcel Energy (NASDAQ: XEL) will hold its 2024 Annual Meeting of Shareholders virtually on May 22, 2024, at 11:00 a.m. central time. Shareholders who were on record as of March 25, 2024, are eligible to participate. They can attend the meeting online via www.virtualshareholdermeeting.com/XEL2024 and vote during the meeting using the control number on their proxy card or Notice of Internet Availability of Proxy Materials. Voting is also possible prior to the meeting at www.proxyvote.com. The virtual meeting site will offer technical support for any access issues. Additional details are available in the 2024 Notice of Annual Meeting of Shareholders and Proxy Statement, filed with the SEC on April 9, 2024, accessible on the Xcel Energy website.
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