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

4-Traders Homepage  >  Equities  >  Nyse  >  Xcel Energy Inc    XEL

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Xcel Energy Inc : CapX2020 transmission expansion receives final Minnesota Route Permit approval

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/13/2012 | 06:09pm CET

MN PUC approves Hampton-Rochester-La Crosse project route in Minnesota

MINNEAPOLIS-The Minnesota Public Utilities Commission voted unanimously to grant a Route Permit for an approximate 80-mile 345 kilovolt (kV) electric transmission line between Hampton and Rochester, Minn. to the Minnesota border near Alma, Wis.

The Commission approved CapX2020's modified preferred route, including Highway 52 in the Cannon Falls area and the Zumbro River crossing at White Bridge Road. The administrative law judge had recommended a western bypass of the Cannon Falls area, with a crossing at Lake Byllesby Dam, as well as a crossing at the Zumbro River dam. Detailed route maps will be posted to www.capx2020.com.

The Commission also approved CapX2020's alternate route for the 35-mile 161 kV line between a new substation at Pine Island and the Northern Hills Substation northwest of Rochester.

"The La Crosse project will increase reliability in the growing Rochester area and surrounding rural areas and will improve access to renewable generation in southeastern Minnesota," said Priti Patel, co-director of CapX2020. "The Commission's decision affirms the need for transmission in Minnesota and regionally to serve customers with reliable, affordable electricity for decades to come."

The CapX2020 utilities began engaging the public in 2007, hosting several rounds of open houses and routing work group meetings where landowners and local officials could learn about the project and provide information on land use considerations in the project area, such as agricultural impacts, local development plans, proximity to homes and environmental concerns.

"We can't build a project like this without affecting people," said Tom Hillstrom, project routing lead. "The goal of the process was to identify the route with the least impact to people and the environment. We think the process was successful thanks to the participation of thousands of landowners and agency personnel."

Permit approval for the 345 kV line in Wisconsin is expected on or before June 4, 2012. The federal Environmental Impact Statement, which covers the entire project, is expected to be issued in June, with federal approval this fall. Construction is expected to start in Minnesota in early 2013. The Hampton-Rochester-La Crosse project, including the route in Wisconsin, is expected to be energized in 2015. The overall project cost is approximately $490 million.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on XCEL ENERGY INC
11/16 XCEL ENERGY : Delays yield unexpected savings for Xcel solar subscribers
11/14 XCEL ENERGY : Begins Switch to More Efficient LED Streetlights in Winona
11/14 XCEL ENERGY : IBM and NextEra Win Bid for New 6-MW Solar Array in Colorado
11/13 XCEL ENERGY : begins switch to more efficient LED streetlights in Winona
11/13 XCEL ENERGY : Be prepared, stay informed when severe winter weather hits
11/13 XCEL ENERGY : Industry holding its breath
11/11 XCEL ENERGY : Roswell's Main Street set for new lights this holiday season
11/10 XCEL ENERGY : Transmission Structures Prevail Over Glacial Lake
11/10 XCEL ENERGY : IBM team on new solar array that will be Boulder's largest
11/10 UPDATE : Three power outages hit area
More news
News from SeekingAlpha
11/09 MONTHLY REVIEW OF DIVGRO : October 2017
11/07 Xcel Energy (XEL) Presents At EEI 52nd Financial Conference - Slideshow
11/02 My 89 Stock Portfolio Yield And Risk Evaluation - Playing With Fire?
11/01 GENERATIONAL INVESTING : Divesting Away From Fossil Fuels
10/26 Xcel Energy's (XEL) CEO Benjamin Fowke on Q3 2017 Results - Earnings Call Tra..
Financials ($)
Sales 2017 11 751 M
EBIT 2017 2 299 M
Net income 2017 1 176 M
Debt 2017 15 891 M
Yield 2017 2,81%
P/E ratio 2017 22,16
P/E ratio 2018 20,85
EV / Sales 2017 3,56x
EV / Sales 2018 3,56x
Capitalization 25 987 M
Chart XCEL ENERGY INC
Duration : Period :
Xcel Energy Inc Technical Analysis Chart | XEL | US98389B1008 | 4-Traders
Technical analysis trends XCEL ENERGY INC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 49,7 $
Spread / Average Target -2,9%
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 ENERGY INC25.75%25 987
DUKE ENERGY CORP16.70%62 443
DOMINION ENERGY INC7.36%52 744
SOUTHERN CO5.55%52 128
IBERDROLA4.97%48 813
EXELON CORPORATION17.70%39 626