Xcel Energy

April 19, 2026

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Anchored Offtake Wins the Queue. Speculation Gets Repriced.

Xcel Energy and ATC filed an April 7 FERC complaint seeking to exempt transmission from competitive bidding, a fight Wisconsin CUB's Tom Content is already framing as monopoly rent-seeking.

April 12, 2026

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400 Projects, Two Unanswered Questions, One Legislative Clock

Colorado faces similar pressure, with Xcel Energy warning of hundreds of thousands of gallons daily from conventional evaporative cooling.

April 11, 2026

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Developers Who Testify First Write the Standards Everyone Else Follows

In Texas, Aligned's decision to fund its own electrical infrastructure at Hale County and partner with Xcel Energy on grid integration reflects this calculus.

April 10, 2026

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Caprock Broke Ground. Projects That Can't Match It Won't.

Aligned's Project Caprock takes a different path: Xcel Energy partners on dedicated electrical infrastructure funded by Aligned, insulating local ratepayers.

April 4, 2026

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Developers Who Own Their Power Are Writing the New Site Selection Rules

Xcel Energy filed a new rate class in Colorado targeting 50-MW-plus loads, requiring 15-year contracts, financial assurance, substantial exit fees, and service agreements before customers enter resource planning forecasts.

March 20, 2026

Xcel Energy's James Lackey, director of Customer Relations, disclosed the utility is short 7,500 MW now and faces a potential 20,000 MW shortfall in 10 years.

March 18, 2026

This mirrors its pending 1.9 GW Minnesota deal with Xcel Energy and approved geothermal CTTs with Fervo and Ormat in Nevada.

March 17, 2026

Meanwhile, Xcel Energy doubled its contracted datacenter pipeline to 6 GW by end-2027 and landed a $1.5 billion 765-kV transmission line in the Southwest Power Pool.

March 8, 2026

Xcel Energy's agreement to supply 1,900 MW of new generation for Google's Pine Island, Minnesota datacenter includes full cost internalization, a $50 million grid reliability fund, and what's billed as the world's largest iron-air battery (300 MW/30 GWh).

February 28, 2026

The Minnesota arrangement with Xcel Energy creates a "Clean Energy Accelerator Charge" that shifts costs directly to Google rather than ratepayers.

February 27, 2026

In Minnesota, the company signed a 1.9 GW deal with Xcel Energy anchored by 300 MW of Form Energy iron-air batteries (the largest long-duration battery project ever announced), 1.4 GW of wind, and 200 MW of solar, funded through a "clean energy accelerator charge" that isolates Google's costs from ratepayers.

February 10, 2026

Xcel Energy reserved five GE Vernova F-class gas turbines and multi-GW wind capacity slots, while signing an MOU with NextEra to co-develop generation for large loads including datacenters.

February 7, 2026

Separately, Xcel Energy locked in five GE Vernova F-class gas turbines and multi-GW wind capacity from NextEra to backstop a 6 GW datacenter load outlook across its territories, including Texas Panhandle operations.