Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Xcel Energy    XEL

XCEL ENERGY (XEL)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Xcel Energy : Google considers building $600M data center in Minnesota

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/11/2019 | 02:50pm EST

MINNEAPOLIS (AP) — Google is looking into building a $600 million data center in central Minnesota that would be powered by two wind farms.

Minneapolis-based Xcel Energy disclosed the data center project Thursday in a regulatory filing. The Google facility proposed in Becker would mark one of the largest private construction projects in recent state history and create about 50 full-time tech jobs.

"Minnesota is already the home to a number of data centers, so this project will really reinforce Minnesota as a hub for that growing talent in data infrastructure," said Shane Delaney, spokesman for the Minnesota Department of Employment and Economic Development.

Becker Mayor Tracy Bertram said the city is among several sites under consideration. Bertram said the plan calls for most of the facility's electricity to come from renewable sources, which is a commitment Google has made for its operations globally.

Google couldn't be reached for comment.

Under the proposed agreement, Xcel Energy would sell Google land for the facility and provide electricity service. The data center would be situated on about 300 acres near two of the utility's coal generators, which are set to retire soon.

Xcel, the country's largest wind energy utility, would dedicate two new wind farms, or about 300 megawatts of wind power, to the Google center, which would also draw electricity from conventional sources.

Xcel said in the regulatory filing that the project would help the utility and the area transition from its reliance on the Sherco plant, the state's largest coal-fired power plant.

"By locating there, this project becomes part of the company's journey to mindfully transition a coal-plant environment into a less carbon-intensive, business-oriented area that creates new jobs, results in significant private capital investment in the state and benefits all of the company's customers," the utility wrote.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed., source Associated Press News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on XCEL ENERGY
01/12XCEL ENERGY : Google Has Its Eye On $600m Data Centre In Minnesota
AQ
01/11XCEL ENERGY : Google considers building $600M data center in Minnesota
AQ
01/11XCEL ENERGY : Google to build $600m data center in Minnesota
AQ
2018XCEL ENERGY : Construction underway near Cashton on second community solar garde..
AQ
2018XCEL ENERGY : Ex-dividend day for
FA
2018XCEL ENERGY : Minnesota Set to See Second Consecutive Year of Strong Solar Energ..
AQ
2018XCEL ENERGY : 4th Quarter 2018 Earnings Conference Call
PU
2018XCEL ENERGY : 4th Quarter 2018 Earnings Conference Call
BU
2018NV5 GLOBAL : Announces $15 Million in Program Management Wins in Ohio, Colorado,..
AQ
2018XCEL ENERGY INC. : Board Declares Dividend on Common Stock
BU
More news
Financials ($)
Sales 2018 11 539 M
EBIT 2018 2 127 M
Net income 2018 1 263 M
Debt 2018 17 293 M
Yield 2018 3,00%
P/E ratio 2018 20,55
P/E ratio 2019 19,45
EV / Sales 2018 3,76x
EV / Sales 2019 3,78x
Capitalization 26 052 M
Chart XCEL ENERGY
Duration : Period :
Xcel Energy Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends XCEL ENERGY
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 51,2 $
Spread / Average Target 0,92%
EPS Revisions
Managers
NameTitle
Benjamin G. S. Fowke Chairman, President & Chief Executive Officer
Kent T. Larson President-Group Operations & Executive VP
Robert C. Frenzel Chief Financial Officer & Executive Vice President
A. Patricia Sampson Independent Director
Richard K. Davis Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
XCEL ENERGY2.90%26 052
DUKE ENERGY CORP-0.81%61 051
IBERDROLA-0.11%52 480
DOMINION ENERGY-3.76%51 849
SOUTHERN COMPANY7.51%48 584
EXELON CORPORATION2.17%44 560