EnergyReader · 2026-08-03 15:28

Xcel eyes 3% retail sales growth as $60bn capex plan chases data center demand

By EnergyReader Newsroom · August 3, 2026

Xcel Energy told investors on Thursday (2026-07-30) that it is on track for 3% retail sales growth this year, driven by data center demand that executives say justifies a 2026-2030 base capital plan of roughly $60 billion. The company also cited "line of sight" to an additional $10 billion in spending on new transmission and generation tied to the same load growth.

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