PUC hears public comment in investigation into deliberate Xcel Energy power shutoffs [CBS News]
Xcel Energy Inc. (XEL)
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Source: CBS News
While the majority of losses were due to damage caused by those winds, about 55,000 customers had their power lines intentionally de-energized by the utility. While intentional shutoffs like this are commonly used to mitigate fire risk in California, it's the first time the "Public Safety Power Shutoff" has been used in Colorado. Now, the Public Utilities Commission is investigating how Xcel Energy handled that outage and soliciting feedback from customers during public comment in their Wednesday meeting. Many of the 55,000 customers impacted are asking questions. "Why wasn't Xcel directly working with communities like ours to develop a shared plan for how to execute the shutoff? Why weren't steps taken to work with us to protect our critical infrastructure?" asked Boulder Mayor Aaron Brockett. Customers and local governments say they weren't given enough notice by Xcel Energy and are upset about a lack of communication. "Other than a low-resolution map, no specifics were
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XEL
Earnings
- 4/25/24 - Beat
XEL
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/18/24 - Form S-3ASR
- XEL's page on the SEC website