December 19, 2024

Xcel proposes $5B in system upgrades to meet EV, solar demand

DENVER — Xcel Energy Inc. (Nasdaq: XEL) plans to spend $5 billion on system upgrades in Colorado over the next half-decade.

The newly released distribution system plan aims to ensure the utility can meet growing demand for eclectic vehicles and rooftop solar panels, according to the Denver Post

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Xcel plans to spend $5 billion on system upgrades in Colorado over the next half-decade.

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