Press release
Xcel Energy Highlights Clean Energy Progress
Company’s clean energy, support of customers and community leadership on display MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy released its 17th annual
About this update from Xcel Energy Inc.
[{"type":"text","content":"\nCompany’s clean energy, support of customers and community leadership on display\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nXcel 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.\n\n“While we’re focused on meeting our customers’ needs today, our eyes are also on the future—on what value we can deliver in the next one to two decades,” said Bob Frenzel, chairman, president and chief executive officer of Xcel Energy. “We’re committed to continuing our clean energy leadership, meeting our 2030 clean energy goals, and addressing other pressing issues that affect our company and the communities we serve.”\n\nXcel Energy has led the clean energy transition since 2005 and was the first U.S. energy provider to set aggressive goals across all the ways its customers use energy: electricity, heating and transportation. Together, all three commitments represent a comprehensive vision that positions Xcel Energy to become a net-zero energy provider by 2050.\n\nIn the report, the company outlined progress on its clean energy transition:\n\n\nXcel Energy was the first major U.S. power provider to announce a vision of delivering 100% carbon-free electricity to its customers by 2050. The electricity delivered to customers in 2021 was 50% cleaner compared to 2005, putting the company on track to achieve its interim goal of reducing carbon emissions 80% by 2030.\n\n\nIn November 2021, the company announced a goal to reduce greenhouse gas emissions 25% by 2030 from the supply, delivery and customer heating and industrial use of natural gas, with the longer-term commitment of providing net-zero gas service by 2050. Xcel Energy plans to purchase natural gas only from suppliers with certified low emissions and achieve net-zero methane emissions on its distribution system by 2030.\n\n\nThe company also plans to power 1.5 million electric vehicles (EVs) by the end of the decade. To encourage and support EV adoption, Xcel Energy launched 14 new programs in Minnesota and Colorado in 2021 and introduced programs for customers in New Mexico in early 2022. To date, more than 65,000 EVs are on the road in the company’s service area, and Xcel Energy has installe...