Xcel Energy falls as Texas AG sues subsidiary over wildfire
ReutersDec 16, 2025 6:36 PM
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
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