This audio is auto-generated. Please let us know if you have feedback.
Xcel Energy has a 2026-2030 base capital investment plan of about $60 billion and “line of sight” to an additional $10 billion that supports growing data center demand with new transmission and generation resources, company officials said Thursday during the company’s second-quarter earnings call.
The company plans to use the funds to invest in 11.4 GW of renewable generation, 3.4 GW of gas generation, 2.2 GW of energy storage, about 1,700 miles of new transmission lines and $5 billion for wildfire mitigation.
Investments included in the line of sight category include generation to support appoximately 3 GW of incremental data center demand Xcel added to its target plan, expected to ramp online through mid-2030s.
Xcel has about 2 GW of data centers contracted or under construction, 4 GW it expects to have under contract by the end of 2027, and an additional pipeline in excess of 20 GW, according to its Q2 2026 earnings presentation.
