XCEL ENERGY SURPASSES CARBONFREE ELECTRICITY GOAL

More than half of the power Xcel Energy generates across the eight states it serves now comes from carbon-free sources, the company announced in its 18th annual Sustainability Report.
Carbon-free energy made up 53 percent of the company’s 2022 energy mix, compared to an average of 41 percent nationwide. The company has also reduced carbon emissions associated with the electricity it provides to customers by 53 percent from 2005 levels.
The Sustainability Report details the company’s progress in transitioning to clean energy while maintaining reliable and affordable natural gas and electricity service, as well as the company’s commitments to further strengthen communities and value the people that make up its workforce.
“Xcel Energy is at the heart of our nation’s clean energy transition,” said Bob Frenzel, Chairman, President, and Chief Executive Officer of Xcel Energy. “Guided by our customers’ priorities and enabled by rapidly changing technology, we’re driving toward a clean energy future, bringing reliable, affordable, increasingly clean energy to millions.”
Xcel Energy was the first U.S. energy provider to set aggressive goals to reduce carbon emissions from the most significant ways customers use energy: for electricity, heating and transportation. In 2018, the company set a goal to provide customers with 100 percent carbon-free electricity by 2050 and reduce carbon emissions from its operations by 80 percent from 2005 levels by 2030.
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