Quantbot takes new $6.1M stake in Xcel Energy as revenue slips 5%

Xcel Energy, Minnesota's largest utility, seeks a $490.7 million rate increase over 2025-2026, citing investments in cleaner energy. Regulators approved a smaller interim increase, but costs for consumers will rise. The state's 100% carbon-free electricity mandate, passed in 2023, aims for 80% carbon-free power by 2030 and 100% by 2040. Critics argue the true costs of wind and solar are higher when accounting for backup and transmission, with modeled figures at $272 per megawatt-hour for wind an

Xcel Energy's 4.77% rate increase for Colorado customers, approved by the PUC, raises monthly bills by $5 for residential and $7 for commercial users. The revenue will fund infrastructure upgrades and includes affordability protections for vulnerable populations, according to the company.

Xcel Energy (XEL) fell 3.4% due to sector-wide pressure from rising Treasury yields and a Colorado rate decision approving a smaller increase than requested. The company reaffirmed its 2026 EPS guidance in July, and analysts' price targets range from $90 to $96. Insider sales and hedge fund activity were also noted.

Colorado regulators approved a rate increase for Xcel Energy, raising monthly electric bills for some residents. The decision was made by the Colorado Public Utilities Commission.

Xcel Energy's Colorado residential customers will see a $5/month bill increase, approved by regulators. Commercial customers will pay $7.29 more. The increase allows Xcel to boost annual revenue by $157M, less than the $355M originally requested. Regulators expressed concerns about rising capital expenditures and affordability, with Xcel's spending increasing from $1.6B in 2021 to $6B expected in 2026.

Utility Dive roundup covers US climate grants, state VPP and microgrid bills, and utility earnings and projects. It notes a divided appeals court blocked EPA efforts to reclaim $20B Greenhouse Gas Reduction Fund grants. It also cites Southern Co’s 17 GW large-load contracts, Eversource’s Q2 income drop, and PJM’s capacity backstop plan amid data-center demand.