Xcel Energy

An electric and natural gas utility based in Minneapolis.

April 25, 2019
Xcel's first-quarter profit rose 8% as demand for natural gas surged during the snowy and cold winter.

Xcel profit rises 8% as cold, snowy winter pushed demand for natural gas and electricity

Xcel Energy Inc.'s first-quarter profit rose 8%, shaped by stronger margins in both electricity and natural gas services.Xcel, Minnesota's biggest utility, said Thursday it earned…
December 9, 2018
Xcel Energy is pledging to be carbon-free by 2050. Above, its Green Wind Power Project serves customers in Colorado.

Schafer: Xcel's pledge to be carbon-free by 2050 makes good business sense

What we have here might simply be a case of a big company going carbon-free to meet the rising expectations of its customers.
March 19, 2016
Massive pipes take water from the Mississippi River into Xcel Energy’s Prairie Island nuclear plant in Red Wing. The plant is the city’s biggest t

Xcel faces a big investment to keep its nuclear units going

The high cost of upgrading 40-year-old nuclear reactors is confronting the utility again, with $487 million in needed upgrades at its Prairie Island facility by 2020.
March 3, 2016
The firms will build solar projects to offset some electricity used by local governments.

Five energy firms score contracts for Twin Cities government solar garden projects

Public agencies in Minnesota joined to seek out competitive project bids.
January 30, 2016
Two coal-burning units at the Sherco power plant in Becker, Minn., will be retired sometime in the 2020s, to Xcel Energy said.

Xcel 'nearly certain' it can comply with federal Clean Power Plan in Minn.

Other utilities aren't as hopeful, ask U.S. Supreme Court to intercede
January 28, 2016
Rate hikes in several areas offset lower electric and natural gas demand during the last three months of the year for Xcel Energy.

Xcel Energy reports increase in fourth-quarter and annual profits

The Minneapolis-based utility said it met or beat its annual earnings guidance for the 11th straight year.
January 28, 2016

Wind power industry surges, and expects steady growth

2015 was the third-biggest year for expansion in the United States
January 21, 2016

Largest Minnesota solar array wins approval from utility regulators

The $180 million power project is planned for leased farmland in Chisago County.
January 11, 2016
Trains are loaded with coal at dawn at Arch Coal's Black Thunder mine near Wright, Wyo. The trains never stop moving under the giant coal loadout silo

Largest coal supplier to Minnesota electric utilities files for bankruptcy protection

Arch says it will keep shipping; Minnesota utilities don't foresee problems
January 9, 2016
Cathy and Kevin Palmer of Blaine are offsetting all their home’s electricity with power bought from Connexus’ solar garden in Ramsey (background).

Connexus Energy sells out its first, and Minn.'s largest, community solar garden

After slow start, Connexus offered monthly payment option and business jumped
November 16, 2015

Solar garden options rolling out for Xcel Energy customers in Minnesota

For most consumers, shared solar is new territory, with its own rewards and risks.
November 14, 2015

Solar gardens: What you need to know

Who’s offering community solar to Xcel Energy residential customers in Minnesota? Able Energy Co. Cooperative Energy Futures Innovative Power Systems MN…
November 2, 2015
Xcel Energy said it will begin seeking a three-year rate hike of nearly 10 percent from Minnesota customers. File photo of new Xcel power lines under

Xcel requests rate hike; bills would go up for customers

By 2018, a typical electric customer's annual electric charges would be $132 higher if state regulators approve the 9.8 percent increase sought by the company.
October 29, 2015
Xcel said its third-quarter profit climbed nearly 16 percent, lifted by higher rates in Minnesota and the seven other states in which it operates.

Xcel Energy earnings up for the third quarter

Recent rate hikes in Minnesota, North Dakota and South Dakota are contributing to the utility's bottom line.
October 27, 2015
The Dayton administration said Tuesday that it is seeking bids for electricity produced by large shared-solar projects with the aim of reducing power

State is set to make a big leap into solar

The state Department of Administration is seeking bids for power from shared solar projects planned in Xcel Energy's Minnesota region.
October 19, 2015

Xcel launches $68M upgrade at Prairie Island nuclear plant

The upgrades aim to extend the life of the 1970s-era power plant.
September 6, 2015
Energy from the Shakopee solar project will be used onsite. A community solar garden planned by the Met Council in Farmington will be scaled back to m

Big power users face smaller harvest from solar gardens

State regulators' recent decision to limit the number of solar gardens per site — a change sought by Xcel and supported by some solar developers — has clouded the prospects for corporate and institutional deals.
State + Local
August 3, 2015
The U.S. energy sector, including this New Hampshire coal-fired site, must cut carbon emissions by 32 percent by 2030.

EPA rule on coal power plants is push toward clean energy and efficiency

New EPA rules dictate less coal burning and more clean energy, efficiency
July 30, 2015
Xcel Energy's second-quarter results were flat, as good weather in its service area created no major changes in supply and demand.

CEO of Xcel Energy says the utility supports large-scale solar projects

CEO Fowke said it's more cost-effective than smaller projects.
July 25, 2015
Brian Graff, left, and Bob Grinstead with a digital rendering of the Zeus, a medium-duty electric-powered truck that they hope to build in Minnesota.

Electric vehicles for power companies

The Zeus truck now exists in a set of plans. The goal is to build a prototype and sell to utilities.
July 20, 2015
Leo Louis, CEO of Louis Industries, stood on the roof of his plant in Paynesville, Minn., with some of the plant's more than 1,200 solar panels, which

Giant Paynesville, Minn., solar project stuck at starting gate

While it waits for Xcel Energy to complete a review, the state's sixth-largest solar project isn't generating a single watt of solar energy.
July 20, 2015

Xcel Energy's large coal-fired generators at Becker face pressure for retirement

Clean-energy advocates oppose the coal-burning units in Becker.
July 16, 2015
The gray concrete walls of the Monticello nuclear power plant, in 2012. Xcel Energy said the reactor on Wednesday began sustained operations at a new,

Monticello nuclear power plant begins sustained operation at higher power level

The long rampup after a major upgrade is done and the Monticello nuclear plant is running full.
July 10, 2015

Minnesota Xcel Energy customers will see bump in electric bills by Nov.

Bills for residential customers will go up a little more than 1 percent by November.
June 25, 2015

Minnesota utility regulators put limits on solar gardens

The PUC ruling will stifle some firms' plans for bigger projects.