•2020 earnings per share were $2.79 compared with $2.64 per share in 2019.
•Xcel Energy reaffirms 2021 EPS earnings guidance of $2.90 to $3.00 per share.
MINNEAPOLIS — Xcel Energy Inc. (NASDAQ: XEL) today reported 2020 GAAP and ongoing earnings of $1.47 billion, or $2.79 per share, compared with $1.37 billion, or $2.64 per share in the same period in 2019.
“Xcel Energy had a strong year despite the challenges brought on by COVID-19,” said Ben Fowke, chairman and CEO. “We achieved major milestones while keeping our employees and customers safe and are well positioned for the coming year and beyond.”
“I’m proud of the support we provided our communities, committing nearly $20 million to short and long-term corporate giving. Our $750 million plan to repower several wind farms in Minnesota was approved, which is expected to result in substantial customer savings and jobs creation. In Colorado, we received approval for an electric vehicle plan and are excited about the related opportunities. We also announced the early retirement of the Hayden and Craig coal plants and plans to convert our Harrington facility to natural gas. These achievements move us closer to achieving our goals of an 80% carbon reduction by 2030 and delivering 100% carbon-free electricity by 2050.”
At 9:00 a.m. CDT today, Xcel Energy will host a conference call to review financial results. To participate in the call, please dial in 5 to 10 minutes prior to the start and follow the operator’s instructions.
The conference call also will be simultaneously broadcast and archived on Xcel Energy’s website at www.xcelenergy.com. To access the presentation, click on Investor Relations. If you are unable to participate in the live event, the call will be available for replay from 12:00 p.m. CDT on Jan. 28 through 12:00 p.m. CDT on Jan. 31.
The following information was filed by Northern States Power Co on Thursday, January 28, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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CIK: 1123852 Form Type:10-K Annual Report Accession Number: 0001123852-21-000008 Submitted to the SEC: Wed Feb 17 2021 4:06:55 PM EST Accepted by the SEC: Wed Feb 17 2021 Period: Thursday, December 31, 2020 Industry: Electric And Other Services Combined