Golden, CO, United States
Golden, CO, United States

Xcel Energy Inc. is a utility holding company based in Minneapolis, Minnesota, serving more than 3.3 million electric customers and 1.8 million natural gas customers. It consists of four subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.. Benjamin G.S. Fowke III is the Chairman, CEO, and President. Wikipedia.


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News Article | February 15, 2017
Site: www.businesswire.com

MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy announced today it is partnering with Financial Services Information Sharing and Analysis Center (FS-ISAC) to create a new threat information sharing community. The new community will enhance the energy sector’s access to cyber and physical security intelligence. “Ensuring the integrity of critical infrastructure demands constant vigilance and it is a responsibility we take seriously,” said Ben Fowke, chairman, president and CEO, Xcel Energy. “We’re proud to take the lead in the creation of a new community that will provide additional tools to address potential cyber and physical risks to our business.” The new electric grid-centered intelligence community is called the Energy Analytic Security Exchange (EASE) and will be coordinated by the FS-ISAC Sector Services team on behalf of energy sector members. For 18 years, FS-ISAC has been a trusted organization that provides cyber and physical risk intelligence to the worldwide financial services industry. FS-ISAC will share its expertise, technology and its access to intelligence partnerships with the new community. “We’re excited to welcome Xcel Energy as the initial member of the Energy Analytic Security Exchange and look forward to quickly adding more members to this community. Xcel Energy has an impressive understanding of the threats faced by the energy industry and it is committed to protecting itself and its customers. FS-ISAC Sector Services looks forward to helping the EASE sharing community enhance the security and resilience of the sector,” said Cindy Donaldson, COO, FS-ISAC Sector Services. Utilities have experience sharing security information within their sector. For example, the Electricity ISAC is a highly valuable security resource and it is managed by the North American Electric Reliability Council (NERC). By supplementing its sharing network to include the resources of FS-ISAC Sector Services, the energy sector will have access to additional timely and relevant information, research and analysis, and threat intelligence from other industries and sources. “We’re always working to provide safe, reliable and cost-effective energy to customers. Having additional security systems at our disposal helps to ensure the reliability of the system and protects customers,” said Fowke. About Xcel Energy Xcel Energy (NYSE: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook. About FS-ISAC Sector Services The Sector Services division of the Financial Services Information Sharing and Analysis Center (FS-ISAC) is a not-for-profit entity committed to facilitating the creation and growth of threat sharing organizations across many sectors. Its mission is to support organizations in sharing timely, relevant, and actionable cyber and physical threat intelligence, with the goal of strengthening overall resilience and promoting information sharing across sectors. Its experts have 18 years of experience with threat sharing communities across industry sectors including financial services, oil and gas, legal, real estate and retail.


News Article | November 28, 2016
Site: www.businesswire.com

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB+' rating to Xcel Energy Inc.'s (Xcel) issuances of senior notes due March 15, 2022 and Dec. 1, 2026. The notes are unsecured and rank pari passu with Xcel's other senior unsecured notes. Xcel's 'BBB+' Long-Term Issuer Default Rating has a Stable Rating Outlook. Net proceeds will be used to repay short-term debt borrowings ($366 million consolidated as of Sept. 30, 2016) and to fund the redemption on Dec. 19, 2016 of nearly $254 millio


News Article | February 22, 2017
Site: www.businesswire.com

MINNEAPOLIS--(BUSINESS WIRE)--Daniel Yohannes has been elected to Xcel Energy’s board of directors, effective March 1, 2017. Yohannes most recently served as the U.S. Ambassador to the Organization for Economic Cooperation and Development (OECD), an international forum promoting economic growth, prosperity, sustainable development and energy security through better policies. Prior to that appointment, he served as Chief Executive Officer of Millennium Challenge Corporation (MCC), a U.S. government development agency that provides grants for investments in, among other things, energy and power infrastructure in developing countries to create self-sustaining power systems and support economic development. “We’re pleased to welcome Daniel and believe he will be a valuable addition to our board, complementing the already-strong experience of our directors,” said Ben Fowke, chairman, president and CEO of Xcel Energy. “He brings extraordinary experience in infrastructure and economic development, as well as excellence in managing complex stakeholder relationships. His passion for protecting the environment and addressing environmental issues in economic and sustainable ways are in line with our core values and will serve Xcel Energy well.” Prior to his government service, Yohannes specialized in financial services and the renewable energy sector. During more than three decades in financial services, he held several leadership roles including Vice Chairman and Member of the Management Committee of U.S. Bank. Yohannes co-founded the New Resource Bank which invests in environmentally sustainable businesses. In addition, he has led organizations that promote renewable energy. Yohannes is active in his community of Denver, Colorado and has served on several nonprofit boards, such as the board of Project C.U.R.E, an organization that delivers donated medical supplies to developing countries worldwide. He received a bachelor’s degree in economics from Claremont McKenna College and earned a Master of Business Administration from Pepperdine University. Xcel Energy (NYSE: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.


News Article | March 1, 2017
Site: www.marketwired.com

NEW YORK, NY--(Marketwired - Mar 1, 2017) - Energy Impact Partners LP (EIP) today announced the addition of Tokyo Electric Power Company Holdings, Inc. (TEPCO), one of the largest electric utilities in the world, as the latest investor in its Nexus strategic partner network. TEPCO joins Southern Company, National Grid plc, Xcel Energy Inc., AGL, Avista Corp., Fortis Inc., Ameren Corp., Great Plains Energy Inc., and Madison Gas and Electric Co. as strategic partners working collaboratively to identify innovative products, technologies, and business models in the emerging energy economy. "TEPCO is honored to join EIP's Nexus strategic partner network," commented TEPCO Managing Executive Officer, Shinichiro Kengaku. "As the electricity sector continues to experience rapid change, our commitment to outstanding service and innovation remains steadfast. This partnership with EIP will enable us to identify and support the most advanced technologies and business models in the industry to the benefit of our customers." "Energy Impact Partners is pleased to welcome TEPCO to our Nexus strategic partner network," said EIP CEO and Managing Partner Hans Kobler. "TEPCO's 66-year record of industry leadership, as well as its international perspective, make TEPCO an invaluable addition to our utility investor platform. The specific challenges arising from Japan's abrupt shift in generation resources and complex urban infrastructure offer unique insights. We look forward to working with TEPCO to identify and invest in innovative technology companies that are building the future global electricity infrastructure." EIP is a private equity firm that strategically invests in innovative technologies, services, and products throughout the electricity supply chain from generation to consumption. The EIP portfolio includes companies like Opus One Solutions, which gives full visibility and control to electric distribution utilities; Sense Labs, which enables customers to accurately measure energy consumption on every device in their homes; AutoGrid Systems, which offers big data analytics and cloud computing solutions for electric utilities; SparkFund, an origination and financing platform that provides energy efficiency "as a service"; and most recently Enchanted Rock, a microgrid operator that supplies customers with natural gas backup power systems that are simultaneously used to perform grid services. About Energy Impact Partners Energy Impact Partners is a collaborative strategic investment firm that invests in companies optimizing energy consumption and improving sustainable energy generation. Through close collaboration with its strategic investor base, EIP seeks to bring the best companies, buying power and vision in the industry to bear on the emerging energy landscape. EIP's partners include Southern Company, National Grid, Xcel Energy, Ameren, Great Plains Energy, Fortis Inc., AGL, Avista and Madison Gas and Electric Co. For more information, visit http://www.energyimpactpartners.com. About Tokyo Electric Power Company Holdings Tokyo Electric Power Company Holdings, Inc. (TEPCO Holdings) is Japan's largest power company group, holding three independent business entities: TEPCO Fuel & Power, Inc., TEPCO Power Grid, Inc., and TEPCO Energy Partner, Inc. As a group, it generates, distributes, and sells electricity and other types of energy principally to the Kanto metropolitan area, which includes Japan's two most populous cities, Tokyo and Yokohama. Its 33,000 employees are committed to providing safe, reliable power to its 29 million customers as well as fulfilling its responsibilities to the communities of Fukushima. (As of April 1, 2016)


News Article | October 27, 2016
Site: www.businesswire.com

MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy Inc. (NYSE: XEL) today reported 2016 third quarter GAAP and ongoing earnings of $458 million, or $0.90 per share, compared with $426 million, or $0.84 per share, in the same period in 2015. Electric and natural gas margins rose in the third quarter primarily driven by higher retail electric and natural gas rates and non-fuel riders to recover our capital investments, along with higher sales growth. These positive factors and a lower effective tax rate w


News Article | November 10, 2016
Site: www.businesswire.com

MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy Inc. (NYSE: XEL) announced today that it has submitted a redemption notice to the trustee to redeem all of its outstanding 5.613% Senior Notes, Series B due 2017 (Notes) on December 19, 2016 (Redemption Date). The redemption price is equal to the greater of the outstanding principal amount of the Notes and a make-whole premium, which will be calculated three business days prior to the Redemption Date in accordance with the terms of the Notes and related


News Article | February 15, 2017
Site: www.businesswire.com

MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy announced today a first-of-its-kind partnership with the Federal Aviation Administration to research the safe operation of drone technology to inspect critical infrastructure. The agreement involves using unmanned aircraft systems to inspect more than 20,000 miles of Xcel Energy transmission lines in 10 states. The data collected from diverse climates, conditions and geographies will be used by the federal agency to secure the nation’s airspace now and in the future. “We’re proud to partner with the FAA to explore ways unmanned aircraft systems can enhance public safety while protecting the national grid and gas pipelines,” said Kent Larson, Xcel Energy’s executive vice president and group president of operations. “Drone technology is already giving us better inspection data to efficiently and effectively monitor our systems, ensuring employee safety and improving reliability to better serve customers.” Among the goals of the “Partnership for Safety Plan,” is to shape future FAA policies for safe and routine beyond visual-line-of-sight operations to inspect the electrical grid. In 2017, Xcel Energy plans at least one beyond visual-line-of-sight mission using drone technology along transmission lines in a rural area. The FAA and Xcel Energy will plan and develop safety measures and evaluate outcomes. Xcel Energy has previously worked with the FAA to advance UAS guidelines for the energy sector. During the past three years, Xcel Energy has conducted more than a dozen outdoor missions using drone technology including a beyond visual-line-of-sight flight in 2016. Last year, Xcel Energy began a year-long research project in partnership with the state of North Dakota, the University of North Dakota and other partners to use drone technology to assess damage after severe weather events. The company is sharing its operational and safety data with the FAA and the Edison Electric Institute, an association that represents all U.S. investor-owned electric companies. Learn more about Xcel Energy’s work here. Xcel Energy (NYSE: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.


News Article | December 14, 2016
Site: www.businesswire.com

MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Xcel Energy Inc. (NYSE: XEL) today declared a quarterly dividend on its common stock of 34 cents per share. The dividends are payable January 20, 2017, to shareholders of record on December 27, 2016. Xcel Energy is a major U.S. electricity and natural gas company, with operations in 8 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.5 million electricity customers and 2.0 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com. This information is not given in connection with any sale or offer for sale or offer to buy any securities. Statements in this press release regarding Xcel Energy’s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K for the most recently ended fiscal year.


MINNEAPOLIS--(BUSINESS WIRE)--The Xcel Energy Inc. (NYSE: XEL) board of directors today raised the quarterly dividend on the company’s common stock from 34 cents per share to 36 cents per share, which is equivalent to an annual rate of $1.44 per share. The Board declared the first quarter common stock dividend payable April 20, 2017, to shareholders of record on March 15, 2017. “ Today, we increased our divided 5.9%, which demonstrates the confidence we have in our business plan and our financial flexibility. We are committed to generating value for our investors, which reflects our objective of increasing dividend 5-7% and growing earnings 4-6% annually,” said Ben Fowke, chairman, president, and CEO. Xcel Energy is a major U.S. electricity and natural gas company, with operations in 8 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.5 million electricity customers and 2.0 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com. This information is not given in connection with any sale or offer for sale or offer to buy any securities. Statements in this press release regarding Xcel Energy’s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K for the most recently ended fiscal year.


News Article | November 14, 2016
Site: www.marketwired.com

NEW YORK, NY--(Marketwired - Nov 14, 2016) - Energy Impact Partners (EIP) today announced the addition of Australia-based AGL Energy Limited (AGL) to its Nexus strategic partner network. EIP's other Nexus Partners include Southern Company ( : SO), National Grid plc ( : NGG), Xcel Energy Inc. ( : XEL), Ameren Corporation ( : AEE), Great Plains Energy ( : GXP), Fortis Inc. (TSX: FTS) and Avista Corp. ( : AVA). EIP is a private equity firm that invests in emerging technologies, products, services and business models throughout the electricity supply chain from generation to consumption. The EIP portfolio includes companies like Opus One Solutions, which provides visibility and control to electric distribution utilities; Sense Labs, which enables customers to know exactly how much energy every device in their homes is consuming; and AutoGrid Systems, which offers big data analytics and cloud computing solutions for the energy industry. "AGL will bring valuable new perspectives to Energy Impact Partners," said EIP CEO and Managing Partner Hans Kobler. "The Australian market is evolving rapidly, in some ways faster than North America or Europe. AGL will bring valuable insights as we seek solutions that have the ability to scale, and represents a trusted partner for our portfolio companies to expand into Australasia. EIP now truly embraces global insights and provides global access." AGL Managing Director and CEO Andy Vesey said: "We are pleased to become members of EIP's Nexus strategic partner network, which gives us the opportunity to collaborate with some of the world's leading energy companies in the development of new energy solutions. Innovation is key to our growth and customer focus and this investment will provide access to innovative ideas, technologies, and business models. This will benefit our customers through greater choice, more customer-intuitive energy solutions and a reduced carbon footprint through emerging, lower-emission technologies." AGL Executive General Manager, New Energy, Elisabeth Brinton added: "The investment with EIP forms part of a broader innovation strategy at AGL, providing greater reach for AGL's technology scanning and incubation, and a ready process to bring new solutions to scale. It is also a channel to international markets, strategic partnerships and finance for our innovative Australian technology partners." Energy Impact Partners (EIP) is an investment firm focused on companies optimizing energy consumption and improving sustainable energy generation. EIP is based on a collaborative strategic investment approach, pioneered by the firm's principals at GE. EIP seeks to bring the best companies, experience and vision in the industry to bear on the emerging energy landscape. EIP's strategic partners include Southern Company, National Grid plc, Xcel Energy Inc., Ameren Corporation, Great Plains Energy, Fortis Inc., Avista Corp. and AGL Energy Limited. Key focus areas are set by EIP's strategic partners and include energy efficiency, sustainable generation, energy storage, connected devices, big data and software solutions, and energy management -- "The Grid of Things." For more information, visit www.energyimpactpartners.com. AGL is one of Australia's leading integrated energy companies. It is taking action to responsibly reduce its greenhouse gas emissions while providing secure and affordable energy to its customers. Drawing on over 175 years of experience, AGL serves its customers throughout eastern Australia with meeting their energy requirements, including gas, electricity, solar PV and related products and services. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, solar, landfill

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