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Stock impact report

Texas Lawmakers Fault Xcel Power Pole in State's Largest Fire [Financial Post (Toronto, Ontario, Canada)]

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: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — The worst wildfire in Texas history was sparked by a power pole and lines owned by Xcel Energy Inc. that hadn't been effectively maintained or replaced, according to a state legislative committee report. The pole identified as the cause of the fire had been suffering from decay, and an Xcel contractor designated it in need of replacement, the report said, citing testimony from an Xcel executive. The report, issued Wednesday, also found that Texas does little to regulate the inspection, maintenance and replacement of utility poles. Article content Article content The Smokehouse Creek Fire, which charred more than 1 million acres, was the biggest of several wildfires that erupted in February across the Texas Panhandle, destroying ranches and killing thousands of livestock and two people. Total economic loses from the blazes may exceed $1 billion, Show less Read more
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