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Stock impact report

Xcel Energy CEO says US must scale up power infrastructure to meet AI challenge [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
“We need to build at a pace of generation and transmission that we haven't seen in the past decade,” Frenzel said at Semafor World Economy in Washington, DC. “It's not impossible to achieve, but it's gonna take a real committed effort from the federal government, state, and local governments.” Frenzel pointed to the ambitious projects undertaken during the 1940s-1960s, such as the interstate highway system, ports, airports, and the American electric grid, described as one of the greatest engineering feats of the 20th century. The US needs to speed up the citing, permitting, and construction process of similarly large-scale infrastructure projects today even if they make people “somewhat uncomfortable,” he added. Frenzel also said that the conflict in Iran has shown the importance of maintaining a “resilient” national energy program, citing the importance of developing alternative energy sources such as wind farms, solar farms, and nuclear reactors. Speaking on the same panel Show less Read more
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