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 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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