financetom
Business
financetom
/
Business
/
Xcel Energy Admits Role in Smokehouse Creek Fire in Texas
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Xcel Energy Admits Role in Smokehouse Creek Fire in Texas
Mar 7, 2024 7:55 AM

10:30 AM EST, 03/07/2024 (MT Newswires) -- Xcel Energy ( XEL ) said Thursday that its facilities were involved in an "ignition" of the Smokehouse Creek fire in Texas.

The company has rejected allegations that it acted "negligently" in retaining and overseeing its infrastructure, Xcel added.

The energy firm has urged impacted people to submit a claim who lost livestock or had property damaged in the Smokehouse Creek fire, Xcel said.

Additionally, the company denied its facilities caused the ignition of the Windy Deuce fire near Fritch, Texas.

Shares of the company were up 4.6% in recent trading.

Price: 50.68, Change: +2.24, Percent Change: +4.62

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AST SpaceMobile to Provide Cellular Service to Verizon Customers From 2026
AST SpaceMobile to Provide Cellular Service to Verizon Customers From 2026
Oct 8, 2025
10:30 AM EDT, 10/08/2025 (MT Newswires) -- AST SpaceMobile ( ASTS ) said Wednesday that it agreed to provide its direct-to-cellular service to customers of telecommunications giant Verizon Communications ( VZ ) from next year. The companies aim to use Verizon's 850 megahertz cellular spectrum and AST's space-based cellular network to enable customers to stay connected when needed, AST said....
SEALSQ Reiterates 2025 Revenue Outlook
SEALSQ Reiterates 2025 Revenue Outlook
Oct 8, 2025
10:35 AM EDT, 10/08/2025 (MT Newswires) -- SEALSQ ( LAES ) on Wednesday reiterated its 2025 revenue outlook of $17.5 million to $20 million, representing year-on-year growth of 59% to 82%. The Swiss technology company said it expects Q3 revenue of $5.1 million and Q4 revenue of $7.6 million and $10.1 million. Preliminary revenue for the first nine months of...
SJE® Acquires LangeTech to Grow the Company's Engineered Control Solutions Business
SJE® Acquires LangeTech to Grow the Company's Engineered Control Solutions Business
Oct 8, 2025
SJE focuses on expanding its customer base and strengthening its presence across the U.S. DETROIT LAKES, Minn., Oct. 8, 2025 /PRNewswire/ -- SJE, Inc., the global industry leader in industrial, water and wastewater control systems, today announced the acquisition of LangeTech, a supplier of consulting, programming and engineering services for the Automation Industry. The acquisition of LangeTech represents a...
Slower production growth will push copper market to deficit in 2026, says ICSG
Slower production growth will push copper market to deficit in 2026, says ICSG
Oct 8, 2025
LONDON (Reuters) -The global refined copper market is expected to swing to a deficit of 150,000 metric tons in 2026 from the previously expected surplus of 209,000 tons due to slower production growth, the International Copper Study Group (ICSG) said. Copper prices briefly hit a 16-month peak on Wednesday due to worries about potential shortages from a series of recent...
Copyright 2023-2026 - www.financetom.com All Rights Reserved