Xcel Energy falls as Texas AG sues subsidiary over wildfire
16/12/2025 18:36
** Shares of U.S. utility Xcel Energy XEL.O down 4.3% at $72.48 ** Texas Attorney General Ken Paxton sues XEL's subsidiary, Southwestern Public Service Company, for causing the Smokehouse Creek Fire in 2024 ** "XEL's blatant negligence killed three Texans and caused unfathomable destruction in the Texas Panhandle" — Paxton ** He adds that XEL made false representations about its safety commitments and ignored warnings that its aging infrastructure needed immediate repair and updates ** Including session's moves, XEL up 7.7% YTD (Reporting by Sumit Saha in Bengaluru) ((Sumit.Saha@thomsonreuters.com))
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