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Xcel Energy Plans $19.03B Utility Investment in Texas and New Mexico Through 2030

Xcel Energy logoXcel Energy
Sig4.38Sen+1.25Env0.00Soc0.00Gov-0.65

SPS electric sales rose 4.8%, beating the company’s average, and its proposed 2,623 MW generation portfolio could increase Xcel Energy’s rate base and earnings. The plan also includes about $19.03 billion in investment in Texas and New Mexico through 2030, though progress depends on regulatory approval, execution, and financing. The stock offers limited upside at current levels.

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