Xcel Energy Bets Big with $45 Billion Infrastructure Overhaul

US utility giant Xcel Energy is making a massive strategic wager on the future of power generation and distribution. The company has unveiled an ambitious $45 billion capital expenditure program aimed at grid modernization, expanding renewable energy capacity, and upgrading critical infrastructure. This aggressive push comes as electricity demand from data centers surges, but the plan faces significant regulatory scrutiny and customer opposition over proposed rate increases.

The multi-year investment plan, extending through 2029, represents a core component of Xcel Energy’s strategy. A substantial portion of the capital will be directed toward enhancing electricity transmission capabilities, modernizing aging distribution networks, and significantly increasing renewable power generation. The explosive growth of the data center market, a major driver of new... Read more...