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Xcel Energy sets a $70bn base capital plan for 2027 to 2031, excluding investment for future large loads
What changed
Xcel Energy's third-quarter release puts base capital expenditure at $70 billion over 2027 to 2031, led by electric generation, transmission and distribution. The utility says the plan does not include potential generation from its current RFPs, investment to serve future large load customers such as data centres, or extra transmission from MISO and SPP planning. It also lists a Minnesota electric service agreement for a new Google data centre at Pine Island, filed with the Minnesota PUC in April 2026 with a proposed Clean Energy Accelerator Charge for 1,900 MW of clean energy resources.
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