Xcel Energy Files $538M Resiliency Plan to Improve Power System in Texas

Leading energy company Xcel Energy, Inc. (XEL) has announced its ambitious $538 million resiliency plan aimed at enhancing the power system in Texas. The plan, filed by the company's subsidiary, promises to address the challenges faced during the power crisis earlier this year. Xcel Energy's proposal focuses on upgrading the grid infrastructure, investing in renewable energy sources, and strengthening the resilience of the power system. The plan is expected to improve grid reliability, reduce downtime, and minimize disruptions during extreme weather events. With this proactive approach, Xcel Energy aims to ensure a more reliable and sustainable power supply for the residents and businesses in Texas.