Xcel Energy Cuts Carbon Emissions 35 Percent

Xcel Energy is a step closer to achieving one of the most aggressive carbon-reduction goals in the industry. The company has announced that it cut carbon emissions 35 percent, according to its newly released Corporate Responsibility Report. This puts Xcel Energy on track to reach or exceed its ambitious goal of reducing carbon
emissions 60 percent by 2030 from 2005 levels.

“We’re on a path to provide a more sustainable, prosperous energy future and believe reducing carbon emissions while enhancing affordability is a tremendous benefit for the customers and communities we serve,” said Ben Fowke, chairman, president and CEO of Xcel Energy.

Xcel Energy surpassed the U.S. commitment under the Paris Climate Accord in 2016 which called fora 26 to 28 percent reduction in carbon emissions by 2025. It’s now working to achieve a 50 percent reduction in carbon emissions by 2022 from 2005 levels.

The company plans to continue reducing its environmental footprint with an energy mix that is projected to be 60 percent carbon free in 2022. This transition to cleaner energy involves retiring aging coal plants and replacing their energy with a combination of wind and solar power and using natural gas as backup. Much of the energy will come from wind power as Xcel Energy will more than double its wind generation with 12 new wind farms in seven states. These new energy sources are complemented by two key sources — the company’s broad array of advanced customer energy efficiency programs and the continued efficient operation of its carbon-free nuclear plants in the Upper Midwest.

Xcel Energy Acquires Foxtail Wind Energy Center

Xcel Energy is continuing to transition its fleet to carbon-free energy in the Upper Midwest with
the addition of the Foxtail Wind Energy Center located in Dickey County in south-central North
Dakota. The 150-megawatt wind farm is part of the company’s vision to achieve 85 percent
clean energy by 2030 by adding low-cost, clean energy with 1,850 megawatts of renewable
energy located in North Dakota, South Dakota, Minnesota and Iowa.

“All customers want low-cost energy, and we’re investing in projects like the Foxtail Wind facility
that will help keep bills low while adding investments that will benefit our customers in North
Dakota and the Upper Midwest,” said Chris Clark, president, Xcel Energy—Minnesota, North
Dakota, South Dakota. “Foxtail Wind will provide value to the landowners, the local community,
and customers who use the electricity it generates.”

The Foxtail project is one of several renewable energy initiatives the company anticipates will
put it on a path to produce 85 percent of its electricity from carbon-free sources by 2030. The
plan will also save customers billions of dollars in fuel and other costs in the coming decades.
The ‘steel for fuel’ strategy is projected to keep customer bill increases below the rate of inflation
by using low-cost wind energy and other investments as it transitions its generation fleet.

XCEL ENERGY NAMED MOST ADMIRED COMPANY FOR FOURTH CONSECUTIVE YEAR

Xcel Energy has been recognized by Fortune magazine as one of the World’s
Most 
Admired Companies. This is the fourth consecutive year that the company has earned this distinction, ranking fourth this year as most admired electric and gas utility.

WUI Invites You to a Regional Meeting Near You!

WUI 2018 Regional Meetings: Information & Links Below

Wednesday, June 13 – Madison
Alliant Offices, 4902 N Biltmore Lane
8:30am – 11:30am

Continental breakfast (free), meeting and presentations,
shareholder-owned utility booths and tour Alliant solar garden.


This meeting is complete


Thursday, June 21 – Oshkosh
LaSure’s Banquet & Catering Hall, 3125 S. Washburn Street
8:30am – 11:30am

Continental breakfast (free), meeting and presentations
and shareholder-owned utility booths.


Click Here to Register for Oshkosh Meeting



Thursday, August 23 – Stillwater, Minnesota
Lowell Inn, 102 North 2nd Street

8:30 -11:30am
Exhibits, sit down breakfast
and meeting.
Meeting is held jointly with the
Minnesota Utility Investors each
year in alternating states.

Click Here to Register for Stillwater Meeting

XCEL ENERGY ANNOUNCES NEW GROUP PRESIDENT

Xcel has named David Eves Executive Vice President, Group President – Utilities, effective March 1.
Eves will oversee the leadership of Xcel Energy’s operating companies, a responsibility previously held
by Marvin McDaniel Jr. who has retired.  Eves currently serves as President of Xcel Energy – Colorado,
and will continue in both roles at this time.

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