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Stock impact report

Xcel Energy (XEL) and Avangrid Extend Power Purchase Agreement for 150MW Wind Project [Yahoo! Finance]

Xcel Energy Inc. (XEL) 
Last xcel energy inc. earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.xcelenergy.com
Company Research Source: Yahoo! Finance
Xcel Energy Inc. (NASDAQ: XEL ) is one of the best NASDAQ stocks to buy according to hedge funds . On February 25, Xcel Energy reached an agreement with Avangrid to extend its existing Power Purchase Agreement for the MinnDakota wind energy project. This extension ensures that Xcel will continue to be the sole offtaker of the electricity produced by the 150 MW facility, which is situated along the Minnesota-South Dakota border. The MinnDakota project plays a significant role in Xcel Energy's regional supply, with two-thirds of its capacity located in Lincoln County, Minnesota, and the remainder in Brookings County, South Dakota. Justin Tomljanovic, Xcel Energy Inc.'s (NASDAQ:XEL) senior vice president of Corporate Finance and Strategic Growth, noted that the extension is a key part of the company's commitment to providing dependable energy. Beyond power generation, the facility supports the local economy through nine full-time operational jobs and ~$10 million in property taxes pai Show less Read more
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