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…
