After Texas’ power grid failure, some in Lubbock worry about the city’s plans to join ERCOT
Texas Tribune
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While a devastating winter storm left millions of Texans in the freezing cold and dark for multiple days last month, Debra Spencer lost power in her home just once, for 15 minutes.
It wasn’t luck. Spencer lives in Lubbock, one of the few areas of the state not connected to Texas’ independent power grid. She watched as the rest of her state plunged into chaos with mass power outages, causing death and widespread damage.
52-week low: $46.58
Company Description
Xcel Energy manages utilities serving 3.7 million electric customers and 2.1 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy providers in the U.S. with 28% of its electricity sales coming from renewable energy in 2019.