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. (symbol: XEL) is a leading electric and natural gas energy provider, serving 3.8 million electricity customers and 2.1 million natural gas customers across eight states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company offers a comprehensive portfolio of energy-related products and services tailored to meet the diverse needs of its customer base.
Xcel Energy's operations are supported by a dedicated workforce of over 12,000 employees, who are committed to ensuring safe, reliable, and affordable energy delivery. The company is navigating the dynamic and ever-evolving utility industry by focusing on customer-centric approaches, forward-thinking strategies, and productivity enhancements.
One of Xcel Energy’s significant commitments is to renewable energy. As one of the largest renewable energy owners and suppliers in the United States, more than half of the company's electricity sales come from carbon-free energy sources. This positions Xcel Energy as a key player in the transition to cleaner energy, with substantial investments in wind, solar, and other renewable technologies.
Xcel Energy operates through several subsidiaries, including Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which caters to customers in Texas and New Mexico. These subsidiaries ensure localized service and management, catering to the unique needs of each region.
In terms of financial health, Xcel Energy maintains a robust financial condition, with ongoing projects aimed at modernizing the grid and enhancing energy efficiency. The company has also established partnerships with various stakeholders to drive innovation and sustainability in its operations.
Looking ahead, Xcel Energy faces a considerable workforce transition, with nearly 50% of its current employees eligible for retirement in the next five years. This presents both a challenge and an opportunity for new talent to join the company, particularly those passionate about renewable energy and community engagement. New employees have the chance to directly influence the company’s energy future.
Xcel Energy remains steadfast in its mission to deliver safe, reliable, and sustainable energy. Through continuous improvement and a commitment to innovation, the company is well-positioned to meet the evolving energy needs of its customers and contribute to a cleaner energy landscape.
Xcel Energy has released its 17th annual Sustainability Report, showcasing its commitment to reliable, affordable energy while promoting environmental stewardship. The company aims for 100% carbon-free electricity by 2050 and has achieved a 50% reduction in carbon emissions since 2005. Xcel is also targeting a 25% reduction in greenhouse gas emissions from natural gas by 2030. Additionally, it plans to support 1.5 million electric vehicles by decade's end and has installed around 1,200 charging ports. The report emphasizes community investment and customer support.
Xcel Energy has become the first energy company in the U.S. to add all-electric bucket trucks to its fleet, enhancing its commitment to clean energy. The trucks, featuring a 135-mile range and productivity for a full workday on a single charge, will be piloted over six to twelve months. This initiative supports Xcel's goal of electrifying its vehicle fleet by 2030 and aligns with its vision to provide 100% carbon-free electricity by 2050. The first truck will be operational in the Twin Cities by late June.
The Board of Directors of Xcel Energy declared a quarterly dividend of 48.75 cents per share, payable on July 20, 2022, to shareholders of record on June 15, 2022.
Xcel Energy, operating in 8 states, serves 3.7 million electricity and 2.1 million natural gas customers. The company is headquartered in Minneapolis. For further details, visit www.xcelenergy.com.
Xcel Energy has announced the submission of a redemption notice to redeem all outstanding 2.25% First Mortgage Bonds, Series No. 23, with an aggregate principal amount of $300 million. The redemption will occur on June 15, 2022, at a price equal to 100% of the principal plus accrued interest. This press release does not serve as a redemption notice itself, and holders are advised to refer to the notice to be provided through The Depository Trust Company.
Xcel Energy (NASDAQ: XEL) has announced significant leadership changes to enhance its commitment to clean energy transition.
Xcel Energy Inc. (NASDAQ: XEL) will conduct its virtual 2022 Annual Meeting of Shareholders on May 18, 2022, at 11:00 a.m. central time. Shareholders of record as of March 21, 2022 can attend and vote online using their control numbers. Technical support will be available during the meeting. For those without internet access, a toll-free number will enable participation. Further details are in the 2022 Proxy Statement, filed on April 5, 2022, and accessible on Xcel Energy's website.
Xcel Energy reported a first quarter GAAP diluted EPS of $0.70 in 2022, up from $0.67 in 2021. The company reaffirmed its 2022 earnings guidance of $3.10 to $3.20 per share. First quarter earnings totaled $380 million, attributed to capital investment recoveries and positive regulatory outcomes, despite higher expenses. Key developments include the approval of its Upper Midwest Resource Plan, which will add 5,800 megawatts of renewable energy and extend the Monticello nuclear plant's life until 2040.
Xcel Energy has announced the redemption of all outstanding 2.15% First Mortgage Bonds, Series due August 15, 2022, with a total principal amount of
Xcel Energy (NASDAQ: XEL) will conduct a conference call on April 28, 2022, at 9:00 a.m. Central Time, to discuss its first-quarter financial results. Earnings will be released before trading hours. Participants can join by dialing 800-289-0720 (US) or 400-120-9264 (International), using conference ID 7267038. The call will be available for replay starting 12:00 p.m. on April 28 until 12:00 p.m. on May 1. For further details, visit xcelenergy.com.
The MSP Equity Fund, a $50 million initiative backed by Allianz Life and Xcel Energy, aims to close equity gaps for Black, Brown, and Women entrepreneurs in Minnesota. This fund is unique as it is the first venture capital fund of funds in the U.S. focused on investments across race, place, and gender. It will support at least 10 venture capital managers, who are expected to invest in local startups. The fund aligns with Forge North's economic development goals to enhance racial equity and increase early-stage venture capital.
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