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Stock impact report

Xcel Energy outlines plan to contract 6 GW of data center capacity by end of 2027 while reaffirming 6%-8% long-term EPS growth [Seeking Alpha]

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: Seeking Alpha
Robert Frenzel, President, CEO & Chairman, reported that "Xcel Energy expects to invest in excess of $60 billion to modernize and expand the grid, adding advanced transmission and distribution infrastructure, new natural gas and renewable generation and smart, weather-hardened Newsletters for Every Investor Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities. Subscribe to Newsletters Sign Up Quick Insights Management expects doubling the data center contracted capacity to 6 GW will significantly drive sales growth and support long-term EPS growth, especially toward the decade's end. Wildfire-related liabilities and higher O&M expenses for mitigation and insurance pose risks, as do pending regulatory timelines and rate cases in Colorado and New Mexico, which may impact future revenue and ROEs. The partnerships aim to accelerate generation, storage, and data center project delivery, expanding strategic capabilities and Show less Read more
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