Press release
Xcel Energy Commits to Net-Zero Carbon Goal By 2050
Company extends clean energy vision to its natural gas business MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy announced today that it is aiming to achieve
About this update from Xcel Energy Inc.
[{"type":"text","content":"\nCompany extends clean energy vision to its natural gas business\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nXcel 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.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211101005347/en/\nXcel Energy is the only major U.S. energy provider to announce a comprehensive vision with aggressive goals for reducing greenhouse gas emissions across three large sectors of the economy: electricity, natural gas use in buildings, and transportation.\n\n“Our vision for delivering net-zero energy by 2050 is an important evolution in our clean energy leadership,” said Bob Frenzel, president and CEO of Xcel Energy. “We’ve expanded our commitment to deliver clean energy across all the ways we power customers’ lives, while keeping our service reliable and affordable. These efforts will promote innovation, provide customers with even more new energy options and significantly reduce emissions.”\n\nThe new clean natural gas commitment builds on Xcel Energy’s 2018 vision to deliver 100% carbon-free electricity to customers by 2050, with an aggressive interim goal of reducing emissions 80% by 2030. That led to several dozen other U.S. power providers announcing similar goals to reduce their own carbon emissions.\n\nIn 2020, the company pledged to power 1.5 million electric vehicles in its service area by 2030. Xcel Energy is now committing to deliver net-zero gas service by 2050, with a goal to cut emissions by 25% by 2030.\n\nUnder its clean energy vision for natural gas, Xcel Energy will accelerate its plans for reducing methane emissions, including purchasing natural gas only from suppliers with certified low emissions and continuing to improve its natural gas delivery system to achieve net-zero methane emissions by 2030.\n\nThe company also plans to offer customers new and expanded programs to reduce carbon emissions from their own natural gas use. Those programs will include support for both conserving natural gas and others that will encourage the use of ele...