Xcel Energy Inc. is an electricity and natural gas utility holding company.
As You Sow has engaged with Xcel on issues related to coal. Read more about our engagements with Xcel Energy below.
Carbon Asset Risk 2017
STATUS: Withdrawn; Company will addressBE IT RESOLVED: Shareholders request that XCEL prepare a report assessing the Company’s risk of stranded assets resulting from global climate change and related fossil fuel demand reductions, including a quantitative analysis of potential short and long term financial losses due to its fossil fuel generation facilities being stranded. The report should be at reasonable cost and omit proprietary information.
Related 2017 Engagements
STATUS: Withdrawn; Company will address
Electric utility companies that rely on coal face numerous challenges and uncertainty regarding environmental compliance costs, coal price‐volatility, and the cost of carbon capture and storage for coal plants. Industry analysts (Bernstein Research, Jeffries & Company, Standard & Poor’s, Wood Mackenzie) have concluded that the cost of additional environmental control equipment for nitrous oxides (NOx), particulates and mercury may make it uneconomic to retrofit small, older coal plants. This unprecedented combination of forces has led Xcel and other utility companies such as Progress, Duke and others to announce retirements of over 30 coal plants by 2019.