17 Facts About Xcel Energy

Xcel Energy Inc is an American utility holding company based in Minneapolis, Minnesota, serving more than 3.

In December 2018, Xcel Energy announced it would deliver 100 percent clean, carbon-free electricity by 2050, with an 80 percent carbon reduction by 2035 .

Xcel Energy was built on three companies: Minneapolis-based Northern States Power Company, Denver-based Public Service Company of Colorado, and Amarillo-based Southwestern Public Service .

Xcel Energy later sold the company to an investment firm in Cleveland, Ohio, which already owned the Roswell Gas Co.

Northern States Power and Wisconsin Xcel Energy Corporation had planned to merge into a new outfit that was to be called Primergy - but in 1997, the merger fell through because of the time it was taking to gain the required approvals from state and federal agencies.

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In 2005, Xcel Energy sold Cheyenne Light, Fuel and Power to Black Hills Corporation.

In October 2011, Xcel Energy set a world record for electricity from wind power, with an hourly penetration of 55.

Xcel Energy generates over 500 megawatts of hydroelectric power from 27 plants in Wisconsin, Minnesota, and Colorado.

Xcel Energy has contracts for about 110 megawatts of electricity from biomass generators.

Xcel Energy's Bay Front plant in Ashland, Wisconsin, is a three-unit generating station that has become a model for the creative use of fuels: coal, waste wood, railroad ties, discarded tires, natural gas, and petroleum coke.

Xcel Energy recently proposed a plan to install biomass gasification technology at Bay Front.

Xcel Energy operates the fourth largest transmission system in the United States, spanning 10 states.

In 2017, Xcel Energy partnered with the Financial Services Information Sharing and Analysis Center to create a new "threat information sharing community" intended to share cyber and physical security intelligence with the energy sector.

In 2016, Xcel Energy announced the Advanced Grid Intelligence and Security initiative, a long-term effort related to power reliability, distributed generation, and information sharing with customers.

Xcel Energy filed a request for permission with the Colorado Public Utilities Commission for the program, which would cost $500 million.

In early 2011, Xcel Energy suspended the solar rebate program before reaching a settlement a month later with representatives of solar power companies to restore the solar incentive program until it is fully reviewed by the Public Utilities Commission.

Xcel Energy took responsibility for the deaths of five workers and the injuries to three.