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Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving more than 3.7 million electric customers and 2.1 million natural gas customers across parts of eight states (Colorado, Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Texas and New Mexico). [3]
NRG Energy, Inc. is an American energy company, headquartered in Houston, Texas. [2] [3] It was formerly the wholesale arm of Northern States Power Company (NSP), which became Xcel Energy, but became independent in 2000. NRG Energy is involved in energy generation and retail electricity. [4]
On May 3, 1995, Northern States Power Company and Wisconsin Energy Corporation (NYSE: WEC) each filed a Securities and Exchange Commission Form 8-K to combine in a merger-of-equals transaction to form Primergy Corporation, which would be a registered public utility holding company, and to be the new parent of both NSP and of the operating subsidiaries of WEC.
Xcel Energy (NYS: XEL) is a major U.S. electricity and natural gas company that provides a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and ...
Xcel Energy wants to ensure a stable leadership team during its transition to clean energy, so the company's board voted to pay $9 million to Chief Executive Bob Frenzel should he stay through ...
The aging nuclear plants are a crucial part of Xcel's plans for a carbon-free energy grid by 2040. Nuclear makes up about 30% of the utility's power supply in the Upper Midwest.
Prior to assuming the role of CEO, Fowke worked in a number of different capacities at Xcel Energy Inc. In 2014, he drew industry admiration as he began navigating the company to become more environmentally sustainable in anticipation of changing EPA regulations. [4] He was the president and COO from August 2009 to August 2011. [1]
Xcel Energy said it will need to add five to 10 gigawatts of power to the region by 2030 to the current installed capacity of about 7,500 megawatts. A gigawatt is 1,000 megawatts.