
Xcel Energy Targets 100% Carbon-Free Electricity by 2050 with $39B Capex and $1.85B Ongoing Earnings
Xcel Energy Inc.Description
What this story covers
Xcel Energy's 10-K highlights its clean energy push: 100 percent carbon-free by 2050, 80 percent emissions cut by 2030, and 39 billion dollars capex through 2028. 2023 ongoing earnings hit 1 point 85 billion dollars, EPS 3 dollars 35 cents, with strong margins from infrastructure and regulatory wins. Operations serve 3 point 8 million electric, 2 point 2 million gas customers across eight states, navigating regs, risks like weather and cyber threats, while maintaining affordability below national averages.
Story snapshot
CompanyXcel Energy Inc.
TickerXEL
VariantStandard detailed
Duration28:28
Filing type10-K
PeriodAnnual 2023
IndustryUtilities
Accession0000072903-24-000034
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