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Xcel Says Natural Gas to Remain Key in Lower Carbon Energy Strategy to 2050

Xcel Says Natural Gas to Remain Key in Lower Carbon Energy Strategy to 2050

Moving toward its goal of 100% carbon-free electricity to customers by 2050, Minneapolis-based Xcel Energy Inc. said it still plans to incorporate more natural gas into its U.S. energy mix. Xcel released its sustainability report ahead of 2Q2020 results, which were issued on Thursday. CEO Ben Fowke said the utility is stepping up its capital…

July 31, 2020

Low Natural Gas Pricing Aids Record Carbon Reduction for Minnesota Utility Xcel Energy

Low natural gas prices helped further Xcel Energy in its quest to deliver 100% carbon-free electricity to customers by 2050, with the utility recording its largest single-year decline in emissions in 2019.

February 27, 2020

Xcel CEO Sees More Opportunities to Buy Natural Gas Assets

Minneapolis-based Xcel Energy Inc. is seeing opportunities to buy more natural gas assets after agreeing to spend $650 million for Mankato Energy Center, according to CEO Ben Fowke.

October 25, 2019

Low Natural Gas Prices to Reduce Xcel Bills in Texas

Texas electricity customers of Xcel Energy could see a 5% bill reduction this summer because of low natural gas prices and a greater reliance on wind energy, the utility said on Monday.

June 12, 2019

Second Combined-Cycle Unit at Mankato Energy Center Complete

The Mankato Energy Center in Mankato, MN, now has a second combined-cycle unit, completed by Southern Power, a subsidiary of Southern Company.

June 10, 2019

Xcel Energy’s Decarbonization Strategy Advancing

Minneapolis-based Xcel Energy has torn more than a few pages from the growing western energy playbook in reiterating its commitment to developing zero-carbon electric generation. Xcel released its latest annual corporate responsibility report late last month, including a commitment to extensive carbon emissions reporting in the coming years and decades.

June 6, 2019

Xcel Turns to NatGas, Nuclear, Renewables, Ending Coal Use in Upper Midwest

As part of a plan to reduce carbon emissions across its Upper Midwest footprint through the use of more renewables, nuclear energy and natural gas, Xcel Energy said it will retire its last two coal-burning plants in the region a decade earlier than previously scheduled.

May 21, 2019

Xcel’s Colorado Operations Taking Drones to New Heights

While still relatively new to the energy sector’s toolbox, unmanned aerial systems (UAS), aka drones, are playing an increasingly important role in inspections for Minnesota-based Xcel Energy’s Colorado operations.

September 13, 2018
Colorado PUC OKs Xcel Plan to Add Natural Gas, Renewables

Colorado PUC OKs Xcel Plan to Add Natural Gas, Renewables

Unveiled earlier this year as a $2.5 billion proposal to reduce carbon emissions in Colorado, Xcel Energy’s Denver-based utility on Monday was given a green light by state regulators to reduce coal-fired generation and increase natural gas and renewable resources.

August 30, 2018
Xcel’s Energy Plan Designed to Clean Up Its Act in Colorado

Xcel’s Energy Plan Designed to Clean Up Its Act in Colorado

Adding a dash of new natural gas-fired generation to a mixing bowl filled mostly with renewable resources, Denver-based Xcel Energy Inc. on Wednesday submitted its energy plan to Colorado regulators, proposing 11 generation sources and a $2.5 billion outlay to cut carbon emissions by 60% in 2026.

June 8, 2018
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