Xcel Energy annual profits rise, CEO praises response to Colorado wildfire

Population growth helped offset higher fuel costs and increase profits for Colorado’s biggest utility in 2021, and a devastating fire in its service territory isn’t dimming the company’s view of 2022.

Xcel Energy Colorado, the Denver metro area’s electrical and gas utility, notched 9% profit growth for 2021, slightly more than the Minneapolis-based parent company, Xcel Energy Inc. (NASDAQ: XEL), did across all its utility businesses in eight states.

Just as the year ended, a wind-driven wildfire…


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