XCEL ENERGY THIRD QUARTER 2020 EARNINGS REPORT

Xcel Energy has achieved strong third quarter results despite the ongoing pandemic and has launched important new initiatives to support customers, employees and communities through these challenging times. As a result, it is narrowing its 2020 earnings guidance to $2.75 to $2.81 per share. In addition, it is initiating 2021 earnings guidance of $2.90 to $3.00 per share. Over the next five years, the company plans to invest $22.6 billion in base capital. It also has proposed to invest an incremental $1.4 billion related to requests from Minnesota to help address the economic impacts of COVID-19. The proposal, which includes grid investment, solar facilities and modernizing aging wind farms, would create 5,000 jobs and expand the company’s renewable portfolio, all while keeping customer bills low. It also outlines a 10-year vision to power 1.5 million electric vehicles, saving customers $1 billion on fueling costs and cutting carbon emissions by nearly 5 million tons annually by 2030.
Share this post:

Comments on "XCEL ENERGY THIRD QUARTER 2020 EARNINGS REPORT"

Comments 0-5 of 0

Please login to comment