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Latest XEL News From Around the Web
Below are the latest news stories about Xcel Energy Inc that investors may wish to consider to help them evaluate XEL as an investment opportunity.
The United States could add a record 33,000 megawatts of renewables to the grid in 2020, but a record build out of transmission will be needed to keep growth humming along.
AVA vs. XEL: Which Stock Is the Better Value Option?
The U.S. got more energy from renewables in 2019 than it did from coal, a year sooner than that same milestone is expected for the electricity sector on its own, according to the Energy Information Administration. Last year the U.S. consumed 11.3 quadrillion British thermal units of coal, the lowest level since 1964. By comparison, total consumption of renewable energy hit a record-high 11.5 quadrillion Btu, the EIA said Thursday, as the country’s base of wind and solar farms continued to expand. Prior to 2019, the last year that the country got more total energy from renewables than coal was 1885, when wood was the main renewable resource on offer. Earlier this month the EIA put out figures projecting that renewables will topple coal in the U.S. electricity mix throughout 2020, another...
Southern Company has joined other major U.S. utilities in setting a net-zero carbon target for 2050, aiming to balance the emissions from its sizable fossil fuel-fired generation fleet and sprawling natural gas business with reductions to be gained by expanding its portfolio of renewable energy and energy efficiency. Wednesday's announcement puts Southern Company in the ranks of other U.S. utilities pledging mid-century net-zero carbon targets, including Xcel Energy , Duke Energy , Dominion Energy , Arizona Public Service , NRG, PSEG and Consumers Energy . Shareholder activist groups Ceres and As You Sow , which have pressed for the target, called it a significant improvement on the company’s “low to no carbon” by 2050 goal set just two years ago. Southern Company, which owns a number o...
Xcel Energy is increasing its ongoing support to customers and communities impacted by the coronavirus pandemic, while making significant strides in reaching its clean energy goals, reporting its largest ever single year reduction in carbon in 2019. Those details were released today in its annual Corporate Responsibility Report, which demonstrates how the company is meeting its community, environmental and economic commitments, while also providing COVID-19 relief.
Wisconsin utility Alliant Energy will spend $900 million buying 675 megawatts of utility-scale solar projects as it moves to replace uneconomic coal-fired plants with renewables. Alliant, which serves about 1 million customers in the Midwestern states of Wisconsin and Iowa, currently relies on renewables for about 20 percent of its generation capacity, largely wind power in Iowa, with twice as much coming from natural gas plants. On Tuesday Alliant said it will "acquire" six large-scale solar projects in Wisconsin from developers NextEra Energy Resources, Ranger Power, and Savion. The projects, ranging from 50 megawatts up to a 200-megawatt development owned by NextEra, represent a huge leap forward for Wisconsin's solar market. The state has around 150 megawatts of installed solar toda...
Xcel Energy's (XEL) solid liquidity position will strengthen its existing operations.
Q1 2020 Xcel Energy Inc Earnings Call
The Board of Directors of Xcel Energy Inc. (NASDAQ: XEL) today declared a quarterly dividend on its common stock of 43 cents per share. The dividends are payable July 20, 2020, to shareholders of record on June 15, 2020.
Energy-related carbon emissions will fall by a record amount in 2020, but a surprising amount of the gains could prove permanent once the economy rebounds.