Xcel Energy Unveils Ambitious Power Portfolio to Boost Reliability and Meet Growing Energy Demand in Texas and New Mexico

Reuters

2025/07/19

Xcel Energy Unveils Ambitious Power Portfolio to Boost Reliability and Meet Growing Energy Demand in <a href="https://laohu8.com/S/TCBIL">Texas</a> and New Mexico

Xcel Energy Inc. has unveiled a comprehensive portfolio of new power projects aimed at meeting the surging energy demands in Texas and New Mexico. This initiative includes extending the life of existing natural gas units and adding 17 new power projects, contributing an additional 5,168 megawatts of capacity by 2030. The diverse energy solutions encompass wind, solar, battery storage, and gas power sources, with various ownership structures. Part of Xcel Energy's broader five-year investment plan, these projects will modernize and expand regional energy infrastructure, leveraging existing sites to reduce development timelines and costs. The portfolio supports electric reliability, grid resilience, and economic growth as the region anticipates a 40% increase in electricity demand by 2030.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xcel Energy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250718625722) on July 18, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xcel Energy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250718625722) on July 18, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0985320562.USD","symbol_name":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250718:nNDL9Hdypg:1","article_id":"2552494951","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552494951","pubTimestamp":1752859573,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Xcel Energy Inc. has unveiled a comprehensive portfolio of new power projects aimed at meeting the surging energy demands in Texas and New Mexico. 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