Xcel Energy Faces Lawsuit and Negligence Claims
about 1 month ago
Carol Master
"Let's look at Excel Energy. This is ticker XEL. It's down nearly 3% right now. Um so Texas Attorney General Ken Paxton is suing the company, accusing it of blatant negligence over its role in the Smokehouse Creek wildfire. Um that caused sorry, it caused more than a billion in damage last year and killed three people. um he actually had said in August that he was investigating the company here and um claims that they prioritized sort of environmental and diversity goals over maintenance. Um Excel did acknowledge that its infrastructure likely caused or was involved in starting the smokehouse fire, but it has refuted sort of all of the accusations of negligence."
Xcel Energy is under legal scrutiny as the Texas Attorney General sues the company for alleged negligence related to a wildfire, raising concerns about its maintenance practices and accountability following significant damages and fatalities.
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Episode Information
Episode:
Pfizer Tumbles, Xcel Energy Drops on Lawsuit, Comcast Gains | Stock Movers
Source:
Stock Movers
Published:
December 16, 2025
Idea Type:
Regulatory Insight