Press release
Xcel Energy Powering More of the Economy as Energy Transition Continues
Company has also reduced carbon emissions 57% since 2005 MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy is powering even more of the economy as it continues to
About this update from Xcel Energy Inc.
[{"type":"text","content":"\nCompany has also reduced carbon emissions 57% since 2005\n\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nXcel Energy is powering even more of the economy as it continues to reduce the carbon emissions from its operations, the company announced in its 20th annual Sustainability Report today.\n\n\nThe company now provides reliable electric service to data centers, vehicle charging, home heating, natural gas development and other areas of the economy that spur growth and support opportunities for customers to choose cleaner energy sources. As it provides value to customers in new ways, Xcel Energy has also continued to reduce carbon emissions from the electricity it provides to customers, with carbon emissions 57% below 2005 levels.\n\n\n“We remain steadfast in our commitment to provide reliable, affordable, sustainable and safe energy to the millions of people we serve,” said Bob Frenzel, chairman, president and chief executive officer of Xcel Energy. “We are particularly proud of the progress we have made on our journey to a carbon-free electricity future, and we have done so with the most expansive set of clean energy resources in the country, including wind, solar, nuclear, hydro and natural gas.”\n\n\nThe carbon reduction progress brings Xcel Energy closer to its industry-leading vision it established in 2018 to provide customers with 100% carbon-free electricity by 2050.\n\n\n“Whether you’re a resident of a single-family home or a technology company powering a data center, the energy we provide enables you to choose cleaner alternatives for your home or business and drives our economy forward,” Frenzel said.\n\n\nMaintaining reliability while adding renewable energy\n\n\nXcel Energy remains committed to delivering reliable, low-cost energy to its customers. The company outperforms the industry reliability standard, restoring 92% of affected customers’ power within 24 hours during active storm days, and has an overall electric service reliability of 99.98%. Its residential customers’ electric bills are 28% below the national average and are among the lowest in the country, according to the U.S. Energy Information Administration. The company has also lowered customers’ bills through cost-effective wind and solar projects. Xcel Energy now has enough wind capacity on its system to cost-effectively power more than 2.5 million homes, quadr...