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Xcel Energy : First Quarter 2021 Earnings Report


Xcel Energy reaffirms 2021 EPS earnings guidance of $2.90 to $3.00.
Xcel Energy Inc. (NASDAQ: XEL) today reported 2021 first quarter GAAP and ongoing earnings of $362 million, or $0.67 per share, compared with $295 million, or $0.56 per share in the same period in 2020.
Earnings reflect higher electric and natural gas margins, which more than offset additional depreciation, interest charges and less allowance for funds used during construction (AFUDC).
“Xcel Energy had a strong first quarter and we are reaffirming our expectation to deliver earnings within our annual guidance range,” said Ben Fowke, chairman and CEO. “We are also pleased to have achieved a significant milestone, reducing carbon emission 51% from 2005 levels, bringing us more than halfway to our vision of delivering 100% carbon-free electricity to our customers by 2050.” ....

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Effort to force Colorado to cut greenhouse emissions faster exposes exasperation with Polis administration


The Colorado Sun
Excel Energy’s Comanche Generating Station, shown here in a March 7, 2020 photo, is the largest power plant in Colorado. The steam-driven, coal-fueled plant, located in Pueblo, generates 1,410 megawatts of power.
Mike Sweeney/Special to The Colorado Sun
For more than a year, frustrated Colorado lawmakers and environmental groups have struggled to push the Polis administration to move faster to meet mandated cuts in greenhouse gas emissions. Now they are advancing a bill to set emission caps and deadlines over the objections of the governor.
The Senate Transportation and Energy Committee moved Senate Bill 200, which includes the caps and a one-year deadline to get them into rules, on to the finance committee on a 4-3 vote Tuesday, with all Democratic legislators supporting the measure and all Republicans opposing it. ....

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Best: Colorado's last standing coal plant?


Big Pivots
Xcel Energy s $1.3-billion 750-megawatt Comanche 3 coal-fired unit went into operation in 2010. Comanche 3 is part of Xcel s Comanche Generating Station in Pueblo, Colo. It s the state s largest coal-burning power plant.
Mike Sweeney/Special to The Colorado Sun
Coal to feed the roaring blast furnaces of Pueblo’s steel mill was being mined a century ago at dozens of hamlets in the foothills of Colorado’s Sangre de Cristo Range. Little remains today of those camps near Trinidad nor of the mine works at Crested Butte, Lafayette, and other one-time coal-mining towns.
We’re now in the midst of an even greater change. Get your photos quick. The smokestacks of the giant coal-burning plants that have generated most of our electricity during the last 50 years will soon start falling. ....

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