Xcel Energy Equipment Likely Responsible for Texas Fire

Published: 07 March 2024 at 16:38

Xcel Energy has acknowledged that its equipment was likely involved in igniting the Smokehouse Creek fire in Texas, leading to over a million acres of land destroyed, two fatalities, and numerous cattle deaths. The company faces a lawsuit from a homeowner over a splintered power pole causing the blaze, resulting in a $5 billion market value loss. Xcel Energy denies negligence but urges affected parties to file claims. CEO expresses sadness over the community\'s losses and vows support for recovery efforts.

SOURCES

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