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Xcel Energy Announces Portfolio of New Power Projects to Meet Growing Demand in Texas and New Mexico

1. Xcel Energy plans to add 5,168 megawatts of capacity by 2030. 2. New projects target rising energy demands in Texas and New Mexico.

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FAQ

Why Bullish?

XEL's expansion may increase revenue potential, akin to past successful capacity increases in the industry.

How important is it?

The significant capacity increase indicates a strong commitment to meet future energy needs, likely enhancing stock value.

Why Long Term?

These projects will take time to develop and capitalize on rising demand trends seen in prior decades.

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PNMEDNEE
AMARILLO, Texas--(BUSINESS WIRE)--Xcel Energy has announced new generation resource additions as part of an overall portfolio to meet the rapidly rising energy needs of its Texas and New Mexico service area. The portfolio includes extensions of 521 megawatts of existing generation as well as the addition of 17 new power projects that will add 5,168 megawatts of new nameplate capacity to the region's generation fleet by 2030. Technologies selected include 3,200 megawatts of dispatchable generati.

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