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
01/23 GREALITY : Xcel Energy grants Envision $20,000; longtime military man recognized..
01/21 XCEL ENERGY : Wisconsin hydro operations set generation record
01/20 XCEL ENERGY : Star Tribune (Minneapolis) Lee Schafer column
01/18 XCEL ENERGY : pitch for new Becker power plants gets OK from House committee
01/18 XCEL ENERGY : LP&L electric rates to increase $5 for average customer next month
01/17 XCEL ENERGY : About 19,000 Greeley residents lose power for about half an hour
01/13 XCEL ENERGY : Solar energy capacity in Minnesota takes a big leap in 2016
01/13 XCEL ENERGY : Legislators propose bills to allow a new Xcel plant in Becker
01/11 XCEL ENERGY : County, Xcel's waste-to-energy deal could run through 2040
01/10 XCEL ENERGY : device brings bomb squad to CU Boulder campus
More news
Sector news : Electric Utilities - NEC
01/16DJPower Assets to Decide Whether to Pay Special Dividend on January 26
01/15DJDuet Agrees to $5.48 Billion Offer from Cheung Kong Infrastructure
01/10DJENTERGY : Plant Closure to Cost Jobs, Tax Revenue -- WSJ
01/10DJENTERGY : Agrees to Close Controversial Indian Point Nuclear Plant -- Update
01/10DJENTERGY : Westchester County Bracing for Closure of Indian Point Nuclear Plant
More sector news : Electric Utilities - NEC
News from SeekingAlpha
01/20 DIVIDEND CONTENDERS : 43 Increases Expected By The End Of March
01/17 Xcel Energy (XEL) Presents At Evercore ISI Utility Conference
01/12 VALUATION DASHBOARD : Utilities - Update
01/09 The Hidden Fault Lines Of Your Portfolio
01/08 MY 86 STOCK PORTFOLIO : Q4 And 2016 Year-End Report And 2017 Plan
Advertisement
Financials ($)
Sales 2016 11 548 M
EBIT 2016 2 235 M
Net income 2016 1 117 M
Debt 2016 14 613 M
Yield 2016 3,33%
P/E ratio 2016 18,57
P/E ratio 2017 17,66
EV / Sales 2016 3,06x
EV / Sales 2017 3,04x
Capitalization 20 730 M
More Financials
Chart XCEL ENERGY INC
Duration : Period :
Xcel Energy Inc Technical Analysis Chart | XEL | US98389B1008 | 4-Traders
Full-screen chart
Technical analysis trends XCEL ENERGY INC
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 42,6 $
Spread / Average Target 4,4%
Consensus details
EPS Revisions
More Estimates 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 Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
XCEL ENERGY INC0.27%20 730
DUKE ENERGY CORP-0.76%53 069
SOUTHERN CO-0.73%47 853
DOMINION RESOURCES, IN..-1.32%47 370
IBERDROLA SA-4.60%41 460
EXELON CORPORATION-0.54%32 591
More Results