News

Xcel Ranked Fourth For Renewable Energy Nationwide

The electric provider was only outranked by California-based utilities.

Xcel Energy is one of the nation’s top providers of renewable energy, according to a new report.
 
A national ranking of investor-owned power companies by Ceres found the Minneapolis-based utility company provided about 21 percent of its energy in renewable forms. That’s enough to place Xcel in fourth.
 
All of the companies ahead of Xcel are based in California, which has a renewable energy goal of 50 percent by 2030. San Diego-based Sempra Energy lead the pack with over 36 percent of its energy coming from renewable sources. Also ahead of Xcel were San Francisco-based Pacific Gas and Electric Company (26 percent) and Rosemead-based Edison International (23 percent).
 
The average percentage among the largest energy providers was just over 10 percent.
 
“Renewable energy and energy efficiency are increasing cost-effective options for electric utilities looking to lower their carbon emissions,” Ceres director of electric power Dan Bakal said in a statement. “Our analysis shows that the U.S. electric sector is in the midst of an unprecedented shift toward clean energy resources and that state policies are critical for continued progress in achieving national and international climate goals.”
 
Indeed, Xcel’s high ranking can, at least in some part, be credited to Minnesota’s relatively aggressive renewable energy requirements. The state’s Renewable Energy Standards require all utilities to generate at least 25 percent of their electricity from renewables by 2025. But the rules also specifically single out Xcel—the state’s largest electric provider—to provide 31.5 percent of energy in renewable form by 2020.

The full list can be viewed here.
Newsletter Sign Up