Xcel Energy Wants to Accelerate $3 Billion Spend

SUGAR LAND--July 15, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota) last month submitted a plan to Minnesota utility regulators to accelerate about $2.9 billion in planned capital expenditures, mostly for renewable energy projects, to support an economic recovery for Minnesota. The company's total planed spend in Minnesota is about $3 billion, which includes increased outlays for conservation and energy-efficiency projects.