Articles from Xcel Energy

Xcel Energy Inc. (NASDAQXEL) announced today that Devin Stockfish has been elected to its board of directors, effective Jan. 23, 2025.

Xcel Energy today announced that Roopesh Aggarwal has been named vice president of Investor Relations, succeeding Paul Johnson, who is retiring from the company after more than 40 years of service, most recently as vice president, Treasury and Investor Relations.

On Thursday, February 6, 2025, Xcel Energy (NASDAQXEL) will host a conference call to review fourth quarter and year end 2024 financial results. The earnings report will be released prior to the market open on the same date.

Xcel Energy will extend the operation of its carbon-free Monticello Nuclear Generating Plant well into the future to support its clean energy vision, following the recent renewal of the plant’s operating license by the U.S. Nuclear Regulatory Commission (NRC).

The Board of Directors of Xcel Energy Inc. (NASDAQXEL) today declared a quarterly dividend on its common stock of 54.75 cents per share. The dividends are payable January 20, 2025, to shareholders of record on January 6, 2025.

Xcel Energy Inc. (NASDAQXEL) (Xcel Energy) announced today the pricing terms of its previously announced offers to purchase for cash (the Tender Offers) in the order of priority set forth in the table below certain outstanding first mortgage bonds issued by Northern States Power Company, a Minnesota corporation (NSPM), a wholly-owned subsidiary of Xcel Energy (the Bonds), pursuant to an Offer to Purchase, dated December 2, 2024 (as amended by this press release, the Offer to Purchase). The Company has amended the terms of the Tender Offers to increase the aggregate principal amount of Bonds subject to the Tender Offers from $110,000,000 to $166,000,000 (the Aggregate Tender Cap). The terms and conditions of the Tender Offers are described in the Offer to Purchase and remain unchanged, except as described in this press release. Xcel Energy expects to pay for the Bonds purchased in the Tender Offers using cash on hand.

Xcel Energy Inc. (NASDAQXEL) (Xcel Energy) announced today the early results of its previously announced offers to purchase for cash (the Tender Offers) in the order of priority set forth in the table below up to $110,000,000 aggregate principal amount (the Aggregate Tender Cap) of certain outstanding first mortgage bonds issued by Northern States Power Company, a Minnesota corporation (NSPM), a wholly owned subsidiary of Xcel Energy (the Bonds), pursuant to an Offer to Purchase, dated December 2, 2024 (the Offer to Purchase). Xcel Energy also announced that it anticipates increasing the Aggregate Tender Cap depending on the bid-side price of the applicable “U.S. Treasury Reference Security” to be determined at 10:00 a.m., New York City time, later today, December 16, 2024. Even if Xcel Energy increases the Aggregate Tender Cap, Xcel Energy does not expect to accept for purchase Bonds of any series other than the 2051 Bonds (as defined below). The terms and conditions of the Tender Offers are described in the Offer to Purchase and remain unchanged, except as described in this press release.

Xcel Energy is increasing its wildfire detection and mitigation efforts in the Texas Panhandle by introducing artificial intelligence to spot fires early. We are partnering with Pano AI to install more than 50 camera stations across the region. Carson, Gray, Roberts, Hutchinson, Wheeler, Hemphill, Garza, Cochran, Moore, Potter and Yoakum counties are currently being considered. First responders and firefighters will have immediate access to this data, shortening response times.

Xcel Energy Inc. (NASDAQXEL) (Xcel Energy) announced today the closing of its registered underwritten offering of 18,320,610 shares of its common stock in connection with the forward sale agreements described below. Barclays and BofA Securities acted as joint lead book-running managers for the offering. Citigroup and Wells Fargo Securities acted as joint book-running managers for the offering.

Xcel Energy Inc. (NASDAQXEL) (Xcel Energy) announced today the pricing of a registered underwritten offering of 18,320,610 shares of its common stock at a public offering price of $65.50 per share in connection with the forward sale agreements described below. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers (as defined below) (or their affiliates) from third parties and sold to the underwriters and offered in connection with such forward sale agreements. Barclays and BofA Securities are acting as joint lead book-running managers for this offering. Citigroup and Wells Fargo Securities are acting as joint book-running managers for this offering. Closing of this offering is expected to occur on or about November 5, 2024, subject to customary closing conditions.

Xcel Energy Inc. (NASDAQXEL) (Xcel Energy) announced today the commencement of a registered underwritten offering of $1.2 billion of shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers (as defined below) (or their affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below. Barclays and BofA Securities are acting as joint book-running managers for this offering. The underwriters may offer shares of Xcel Energy’s common stock in transactions on the Nasdaq Stock Market LLC, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

Xcel Energy Inc. (NASDAQXEL) today reported 2024 third quarter GAAP earnings of $682 million, or $1.21 per share, compared with $656 million, or $1.19 per share in the same period in 2023 and ongoing earnings of $707 million, or $1.25 compared with $682 million, or $1.23 per share in the same period in 2023. See Note 6 for reconciliation from GAAP to ongoing earnings.

On Thursday, October 31, 2024, Xcel Energy (NASDAQXEL) will host a conference call to review third quarter 2024 financial results. The earnings report will be released prior to the market open on the same date.

Xcel Energy continues to forge ahead in its goals to reduce emissions, embrace clean energy and fuel electric vehicles as the nation celebrates major advances in sustainability through several events taking place late this month.

Xcel Energy today named Todd Wehner as the company’s treasurer and vice president. Paul Johnson will continue to serve the company as vice president, treasury and investor relations.

The Board of Directors of Xcel Energy Inc. (NASDAQXEL) today declared a quarterly dividend on its common stock of 54.75 cents per share. The dividends are payable October 20, 2024, to shareholders of record on September 13, 2024.

On Thursday, August 1, 2024, Xcel Energy (NASDAQXEL) will host a conference call to review second quarter 2024 financial results. The earnings report will be released prior to the market open on the same date.

Xcel Energy has reduced carbon emissions 54% from the electricity it provides to customers from 2005 levels, the company announced in its 19th annual Sustainability Report today.

The Board of Directors of Xcel Energy Inc. (NASDAQXEL) today declared a quarterly dividend on its common stock of 54.75 cents per share. The dividends are payable July 20, 2024, to shareholders of record on June 14, 2024.

Xcel Energy today named Rob Berntsen as the company’s executive vice president and chief legal and compliance officer. Berntsen takes over the role from Amanda Rome, who held the position on an interim basis while also serving in her role as executive vice president, group president – utilities and chief customer officer.

Xcel Energy Inc. (NASDAQXEL) will hold its 2024 Annual Meeting of Shareholders virtually at 11:00 a.m. central time on May 22, 2024. Shareholders of record at the close of business on the record date, March 25, 2024, are invited to participate. Shareholders of record can attend the meeting online at www.virtualshareholdermeeting.com/XEL2024 and can vote during the meeting using the control number found on their proxy card or Notice of Internet Availability of Proxy Materials. Shareholders of record can also vote online prior to the meeting at www.proxyvote.com by entering the control number found on their proxy card or Notice of Internet Availability of Proxy Materials.

Xcel Energy Inc. (NASDAQXEL) today reported 2024 first quarter GAAP and ongoing earnings of $488 million, or $0.88 per share, compared with $418 million, or $0.76 per share in the same period in 2023.

On Thursday, April 25, 2024, Xcel Energy (NASDAQXEL) will host a conference call to review first quarter 2024 financial results. The earnings report will be released prior to the market open on the same date.

Xcel Energy (XEL) issued the following statement regarding the wildfires in the Texas Panhandle:

The Board of Directors of Xcel Energy Inc. (NASDAQXEL) today raised the quarterly dividend on the company’s common stock from 52 cents per share to 54.75 cents per share, which is equivalent to an annual rate of $2.19 per share. The dividends are payable April 20, 2024, to shareholders of record on March 15, 2024.

Xcel Energy Inc. (NASDAQXEL) today reported 2023 GAAP earnings of $1.77 billion, or $3.21 per share, compared with $1.74 billion, or $3.17 per share in the same period in 2022 and ongoing earnings of $1.85 billion, or $3.35 per share, compared with $1.74 billion, or $3.17 per share in the same period in 2022. See Note 6 for reconciliation from GAAP to ongoing earnings.

On Thursday, January 25, 2024, Xcel Energy (NASDAQXEL) will host a conference call to review fourth quarter and year end 2023 financial results. The earnings report will be released prior to the market open on the same date.

The Board of Directors of Xcel Energy Inc. (NASDAQXEL) today declared a quarterly dividend on its common stock of 52 cents per share. The dividends are payable January 20, 2024, to shareholders of record on December 28, 2023.

Xcel Energy Inc. (NASDAQXEL) today reported 2023 third quarter GAAP earnings of $656 million, or $1.19 per share, compared with $649 million, or $1.18 per share in the same period in 2022 and ongoing earnings of $682 million, or $1.23 per share, compared with $649 million, or $1.18 per share in the same period in 2022. See Note 7 for reconciliation from GAAP to ongoing earnings.

Xcel Energy today announced it has been selected for a $100 million award from the U.S. Department of Energy to boost its work to reduce and mitigate the threat of wildfires and ensure the resiliency of the grid through extreme weather.

The U.S. Department of Energy has selected the Heartland Hydrogen Hub, including multiple clean hydrogen projects from Xcel Energy, for award negotiations to receive up to $925 million. The award will serve as a catalyst for a future hydrogen ecosystem in the Upper Midwest.

On Friday, October 27, 2023, Xcel Energy (NASDAQXEL) will host a conference call to review third quarter 2023 financial results. The earnings report will be released prior to the market open on the same date.

Xcel Energy announced today several changes to its executive leadership team. Brett Carter, executive vice president, group president of Utilities and chief customer officer, is leaving the company to pursue other opportunities. Current executive vice president, chief legal and compliance officer Amanda Rome has been named to this role, effective immediately. The company’s four operating company presidents and customer organization leaders will report to Rome.

Today, Xcel Energy named Chris Church as the company’s new chief nuclear officer, effective December 15, 2023. Church succeeds Pete Gardner, who is retiring at the end of the year after serving in the role since 2020.

Xcel Energy announced today that it has received a grant of up to $70 million from the U.S. Department of Energy (DOE). The award will partially fund two long duration energy storage systems in Minnesota and Colorado.

Xcel Energy announced today that Timothy Welsh has been elected to the company’s board of directors, effective immediately.

On Thursday, July 27, 2023, Xcel Energy (NASDAQXEL) will host a conference call to review second quarter 2023 financial results. The earnings report will be released prior to the market open on the same date.

More than half of the power Xcel Energy generates across the eight states it serves now comes from carbon-free sources, the company announced in its 18th annual Sustainability Report today.

On Thursday, April 27, 2023, Xcel Energy (NASDAQXEL) will host a conference call to review first quarter 2023 financial results. The earnings report will be released prior to the market open on the same date.

For the tenth year in a row, Xcel Energy has been honored as one of the World’s Most Admired Companies by Fortune magazine. The Minneapolis-based utility ranked first in social responsibility and quality of management, placing second overall among the most admired gas and electric companies in the country.

Form Energy, Inc., an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems, announced today that it has entered into definitive agreements with Xcel Energy (NASDAQXEL) to deploy its iron-air battery systems at two of Xcel Energy's retiring coal plant sites. The storage technology will allow Xcel Energy to integrate more low-cost, renewable energy into its system and maintain reliability as it retires the coal plants in the coming years and transitions to a highly renewable future.

On Thursday, January 26, 2023, Xcel Energy (NASDAQXEL) will host a conference call to review fourth quarter and year end 2022 financial results. The earnings report will be released prior to the market open on the same date.

Xcel Energy announced today a proposal to advance the retirement of coal operations at Tolk Generating Station in Texas to 2028, more than four years earlier than planned. With this earlier retirement, along with accelerated coal plant retirements in other states, the company will exit the use of coal by the end of 2030 when the Comanche 3 coal unit in Colorado retires.

On Thursday, October 27, 2022, Xcel Energy (NASDAQXEL) will host a conference call to review third quarter 2022 financial results. Earnings will be released prior to the opening of trading.

Xcel Energy today announced a new transportation vision that drives toward providing the infrastructure and energy to run all vehicles in its service area on carbon-free electricity or other clean energy by 2050. Expanding upon the company’s existing 2030 electric vehicle (EV) vision supports its overall goal to become a net-zero energy provider by 2050. By enabling a zero-carbon transportation future, the company’s clean energy can also help customers save billions of dollars in fuel costs and deliver cleaner air for everyone.

On Thursday, July 28, 2022, Xcel Energy (NASDAQXEL) will host a conference call to review second quarter 2022 financial results. Earnings will be released prior to the opening of trading.

Xcel Energy released its 17th annual Sustainability Report today, highlighting the company’s commitment to delivering reliable, affordable natural gas and electricity service, while protecting the environment and building a better energy future for its customers.

Xcel Energy is taking the next steps in its journey toward electric transportation by becoming the first energy company in the nation to add all-electric bucket trucks to its fleet. Xcel Energy crews will use these new, quiet, zero-emissions trucks as they maintain the electric system and respond to outages after storms.

Public Service Company of Colorado, a Colorado corporation, announced today that it has submitted a redemption notice to The Depository Trust Company, as registered holder, to redeem all of its outstanding 2.25% First Mortgage Bonds, Series No. 23 due 2022 (the “Bonds”) on June 15, 2022 (the “Redemption Date”). The redemption price for the Bonds will be equal to 100% of the principal amount being redeemed plus accrued and unpaid interest thereon to but excluding the Redemption Date. The aggregate principal amount of Bonds currently outstanding is $300,000,000.

Xcel Energy announced several key leadership changes designed to advance the company’s groundbreaking commitment to lead the company’s clean energy transition. Transforming the grid to meet evolving energy needs is a key priority for the company.

Northern States Power Company, a Minnesota corporation, announced today that it has submitted a redemption notice to The Depository Trust Company, as registered holder, to redeem all of its outstanding 2.15% First Mortgage Bonds, Series due August 15, 2022 (the “Bonds”) on May 20, 2022 (the “Redemption Date”). The redemption price for the Bonds will be equal to 100% of the principal amount being redeemed plus accrued and unpaid interest thereon to but excluding the Redemption Date. The aggregate principal amount of Bonds currently outstanding is $300,000,000.

On Thursday, April 28, 2022, Xcel Energy (NASDAQXEL) will host a conference call to review first quarter 2022 financial results. Earnings will be released prior to the opening of trading.

The Western Markets Exploratory Group (WMEG) today announced the hiring of Utilicast, an energy consulting company, to evaluate regional market structures to improve affordability, reliability, and decarbonization opportunities across the West.

Bob Frenzel, Xcel Energy’s president and CEO, today announced that Brett Carter will be named group president, Utilities and chief customer officer and that Jeff Savage will be chief audit and financial services officer, both effective March 1, 2022.

On Thursday, January 27, 2022, Xcel Energy (NASDAQXEL) will host a conference call to review fourth quarter and year end 2021 financial results. Earnings will be released prior to the opening of trading.

Xcel Energy announced today that it is aiming to achieve net-zero greenhouse gas emissions from its natural gas business by 2050. In addition to its vision to provide 100% carbon-free electricity to customers by 2050, Xcel Energy is committing to becoming an overall net-zero energy company by 2050, while keeping service reliable and customer bills low.

On Thursday, October 28, 2021, Xcel Energy (NASDAQXEL) will host a conference call to review third quarter 2021 financial results. Earnings will be released prior to the opening of trading.

Several electric providers that serve millions of customers in the Western United States announced plans today to evaluate regional market solutions together.

Today Xcel Energy Executive Chairman Ben Fowke met with President Joe Biden during his visit to the National Renewable Energy Lab in Colorado. Congressional leaders and Colorado Governor Jared Polis were also on hand. Fowke released the following statement after the event:

Xcel Energy announced today that a suite of electric vehicle charging programs is available, making EV charging easy, fast, and more affordable for Colorado customers. In addition to the company’s new residential offerings, new EV programs supporting community charging, businesses, and multifamily buildings are available to empower and assist customers in their EV journey and help them drive electric to save money and reduce carbon emissions.

Xcel Energy announced today that Bob Frenzel has been appointed president and CEO of the company. Ben Fowke, the current chairman and CEO will remain at Xcel Energy as executive chairman of the Board of Directors. Tim O’Connor was also named executive vice president and chief operations officer.

Xcel Energy today announced that it is the largest clean energy provider in the country when it comes to wind, solar and battery storage, according to the American Clean Power Association (ACP). In its recently published annual report, the ACP ranks investor-owned utilities, based on the amount of clean power on their systems at the end of 2020, and Xcel Energy came out on top.

Xcel Energy announced today that it is co-chairing and investing in Energy Impact Partners’ Elevate Future Fund (“Elevate”) as a founding, limited partner. Energy Impact Partners is a global investment platform that supports the development of new, clean energy technologies, and Xcel Energy is a long-time investor in the company. The new Elevate fund aims to create a more diverse founder community and an inclusive venture capital ecosystem within the clean energy transition.

On Thursday, July 29, 2021, Xcel Energy (NASDAQXEL) will host a conference call to review second quarter 2021 financial results. Earnings will be released prior to the opening of trading.

In a continued commitment to long-term, strategic succession planning, Brian Van Abel, Xcel Energy’s executive vice president and Chief Financial Officer, today announced Paul Johnson as Treasurer. Johnson currently serves as vice president of Investor Relations, and in this new role will lead both Treasury and Investor Relations teams and realign them into a combined organization.

Xcel Energy announced today that the company delivered for customers, achieved key carbon reduction goals, supported its communities and kept customer bills low despite challenges brought on by the COVID-19 pandemic, the economic downturn and civil unrest in the states it serves.

Xcel Energy announced Thursday that Ben Fowke, chairman and CEO, will retire as CEO effective Aug. 18, 2021, though he will continue to serve on the Xcel Energy Board of Directors as executive chairman. Bob Frenzel, president and chief operating officer, will become the company’s next CEO and president.