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. reports developments for a regulated electric and natural gas utility serving customers across eight Western and Midwestern states. News commonly covers GAAP and ongoing earnings, dividend declarations, recovery of infrastructure investments, electric sales trends, operating expenses and financing-related updates.
The company’s recurring updates also address clean-energy and grid projects, large-load customer service, generation and transmission planning, and technology and security modernization. Xcel Energy operates through regulated utility companies that include Northern States Power, Public Service Company of Colorado and Southwestern Public Service Company, with business activity tied to electricity delivery, natural gas service, renewable energy resources and state utility regulation.
Xcel Energy (XEL) has announced a leadership change in its Investor Relations department. Roopesh Aggarwal has been appointed as vice president of Investor Relations, replacing Paul Johnson, who is retiring after more than 40 years with the company.
Aggarwal, who joined Xcel Energy in 2019 as senior director of Business Innovation and became senior director of Investor Relations in 2022, brings experience from various finance, strategy, and corporate development roles at Summit Utilities, DTE Energy, Ford Motor Co., and private equity firms. He currently oversees the company's quarterly earnings calls, investor presentations, and shareholder services.
Johnson will remain in an advisory role through the completion of annual financial reporting and depart after the first quarter.
Xcel Energy (NASDAQ: XEL) has announced its upcoming fourth quarter and year end 2024 financial results conference call, scheduled for Thursday, February 6, 2025. The earnings report will be released before the market opens on the same day.
The conference call will begin at 9:00 a.m. Central Time. Participants are advised to dial in at least 10 minutes before the start. The call will be accessible via US Dial-In (1-866-580-3963) and International Dial-In (400-120-0558) with conference password 7903558. A simultaneous webcast will be available on www.xcelenergy.com under the Investors section.
For those unable to attend the live event, a replay will be available through February 11 via US Dial-In (1-866-583-1035) using the replay password 7903558#.
Xcel Energy (XEL) has received federal approval from the U.S. Nuclear Regulatory Commission to extend its Monticello Nuclear Generating Plant's operating license for an additional 20 years, through 2050. The extension requires state regulatory approval, with the Minnesota Public Utilities Commission already approving operations through 2040.
The Monticello plant is a important carbon-free energy source, powering over 500,000 homes annually in the Upper Midwest. Together with the Prairie Island Nuclear Generating Plant, it provides nearly a quarter of Xcel Energy's electricity supply in the Upper Midwest region. The plant serves as Monticello's largest employer and local taxpayer.
This extension supports Xcel Energy's transition to 100% carbon-free electricity and addresses growing customer electricity demand. The approval followed extensive NRC inspections, audits, and technical reviews ensuring safety and environmental standards compliance.
Xcel Energy (NASDAQ: XEL) has announced its Board of Directors has declared a quarterly dividend of $0.5475 per share on its common stock. The dividend will be paid on January 20, 2025, to shareholders of record as of January 6, 2025.
The company 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 is headquartered in Minneapolis and provides a comprehensive portfolio of energy-related products and services.
Xcel Energy (NASDAQ: XEL) has announced the pricing terms and upsizing of its cash tender offers for outstanding first mortgage bonds issued by Northern States Power Company (NSPM). The company has increased the aggregate tender cap from $110,000,000 to $166,000,000. The tender offers target the 2.60% First Mortgage Bonds Series due June 1, 2051.
The total consideration offered is $632.67 per $1,000 principal amount, which includes a $30 early tender payment. The final proration factor is 37.7% due to oversubscription. The settlement date for accepted bonds is expected to be December 18, 2024. Xcel Energy will fund the purchases using cash on hand.
Xcel Energy (XEL) announced the early results of its cash tender offers to purchase up to $110,000,000 of outstanding first mortgage bonds issued by Northern States Power Company (NSPM). The company anticipates increasing the aggregate tender cap based on U.S. Treasury Reference Security pricing.
The tender offer primarily focuses on the 2.60% First Mortgage Bonds due 2051, with $440,456,000 principal amount tendered out of $700,000,000 outstanding. Even with a potential cap increase, Xcel Energy doesn't expect to accept bonds from other series.
Holders who validly tendered by the Early Tender Date will receive the Total Consideration, including a $30 per $1,000 early tender payment. The settlement date is expected to be December 18, 2024, and the offer expires on December 31, 2024.
Xcel Energy is enhancing wildfire detection in the Texas Panhandle through a partnership with Pano AI to install over 50 camera stations across nearly a dozen counties by 2025. The initiative combines 360-degree HD cameras with AI-driven smoke detection and satellite data integration to continuously monitor for fires.
The system will provide immediate alerts to 911 call centers and first responders when potential fires are detected, with human analysts verifying threats and triangulating locations. Each camera station will perform a 360-degree sweep every minute, covering counties including Carson, Gray, Roberts, Hutchinson, Wheeler, and others.
This five-year program builds upon Xcel Energy's existing wildfire mitigation measures, including power line inspections and vegetation management, with plans to expand into New Mexico service territory in the future.
Xcel Energy (XEL) has announced cash tender offers to purchase up to $110,000,000 of outstanding first mortgage bonds issued by its subsidiary Northern States Power Company. The tender offers target five series of bonds with varying interest rates and maturities ranging from 2046 to 2052. Holders who tender their bonds by December 13, 2024 (Early Tender Date) will receive the Total Consideration including a $30 Early Tender Payment per $1,000 principal amount. The offers will expire on December 31, 2024, unless extended or terminated earlier. The settlement dates are expected to be December 18, 2024, for early tenders and January 6, 2025, for regular tenders.
Xcel Energy (NASDAQ: XEL) announced the closing of its registered underwritten offering of 18,320,610 shares of common stock, resulting in approximately $1.18 billion in net proceeds. The company entered into forward sale agreements with Barclays Bank PLC and Bank of America at an initial forward sale price of $64.4356 per share. The underwriters have a 30-day option to purchase up to an additional 2,748,091 shares. Settlement is expected by June 30, 2026. The proceeds will be used for general corporate purposes, including capital contributions to utility subsidiaries, acquisitions, and/or short-term debt repayment.
Xcel Energy (NASDAQ: XEL) has priced a registered underwritten offering of 18,320,610 shares of common stock at $65.50 per share. The company entered into forward sale agreements with Barclays Bank PLC and Bank of America, N.A. The underwriters have a 30-day option to purchase up to an additional 2,748,091 shares. Settlement is expected by June 30, 2026. The proceeds will be used for general corporate purposes, including capital contributions to utility subsidiaries, acquisitions, and/or short-term debt repayment. The offering is expected to close around November 5, 2024.