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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]
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 ...
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.
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 reported earnings this week, missing on sales estimates but beating on the bottom line. With promises of a bigger dividend down the road, let's see whether Xcel Energy can accelerate ...
Xcel Energy Announces "At-The ... that it has filed a prospectus supplement under which it may offer and sell from time to time shares of its common stock having an aggregate gross sales price of ...
By 2002, the debt had reached $9.4 billion, and NRG Energy sold its power plants in Hungary and the Czech Republic. To avert default by NRG, Xcel sold $500 million in stock in July 2002. In 2003, Xcel Energy paid NRG Energy $752 million for the benefit of NRG Energy's creditors and took a $2 billion write-off. [4]
Jul. 22—The Southwest may need to double its power resources by 2030. To keep up with a forecasted growth in electricity demand, Xcel Energy is seeking proposals for more than 3 gigawatts of ...