Xcel Energy

Xcel Energy has appointed Peter Carter, president of Delta Air Lines, to its board of directors. Carter will serve on the audit committee and the corporate governance, compensation and nominating committee, bringing experience from senior roles at Delta as well as 23 years in partnership at the law firm Dorsey & Whitney. His appointment brings the board to 11 members. Xcel Energy supplies electricity and natural gas to customers in eight U.S. states and is based in Minneapolis. » More on de.investing.com

Xcel Energy struck an electric service agreement with Google for a 750 MW data center in Minnesota under which Google funds all new generation, transmission and related infrastructure, shifting costs away from ratepayers. The arrangement includes a proposed Clean Energy Accelerator Charge covering 1,900 MW of clean resources and a large long-duration storage project with Form Energy. Xcel raised its five-year capital plan to $60 billion, concentrated in transmission and renewables, and management expects the Google model could be replicated across its eight-state footprint, potentially lowering residential transmission costs by 1–2% over 15 years. The Minnesota Public Utilities Commission must still approve the charge before savings are finalized. » More on finance.yahoo.com

At the annual meeting, shareholders elected all ten candidates nominated by Xcel Energy’s board and approved executive compensation in a non-binding advisory vote. Deloitte & Touche was confirmed as the independent auditor for 2026. Xcel reported Q1 results slightly below expectations (EPS $0.91 vs. $0.93; revenue $4.02 billion vs. $4.17 billion), announced a quarterly dividend of 59.25 cents, and reached an agreement in Minnesota on gas rates that will raise revenues by $38 million. » More on de.investing.com

The 100% subsidiary Northern States Power Company‑Minnesota has reached a non‑consensual partial settlement in the 2025 gas rate case that provides for an increase in total revenues of $38 million and a weighted average cost of capital (WACC) of 7.21%. NSP‑Minnesota had originally requested $62 million; preliminary rates of $51 million already took effect on January 1, 2026. The detailed settlement agreement is to be filed in May, hearings and an administrative law judge report are planned for summer/fall, and the final MPUC decision is expected in November 2026. Xcel Energy also missed analyst expectations for EPS and revenue in Q1 2026. » More on de.investing.com

Xcel Energy reported Q1 strength driven by electric revenue from rate cases and sales growth, and highlighted a landmark 15‑year agreement with Google using air‑cooled tech and long‑duration storage. Management cited a 20‑gigawatt data center backlog and line of sight to $7+ billion of incremental investment within a $10+ billion opportunity, expecting 6 GW of contracted data center load by end‑2027 and targeting 9% average EPS growth through 2030 within a 6–8%+ long‑term range. The company is using scale and financing tools to secure suppliers and fund projects, while flagging regulatory risks (Prairie Island ALJ recommendation, Minnesota/Colorado cases), wildfire liabilities and potential transformer/turbine supply constraints. » More on finance.yahoo.com