The 10% reduction in carbon emissions is the utility’s largest within a year ever.
Since 2005, Excel Energy has reduced emissions by 44% as part of efforts to provide consumers with 100% renewable energy by 2050.
The utility has increased its portfolio of wind energy by more than 20% in 2019. Massive investments in flexible coal plant operations, strong performance from the company’s nuclear fleet and low natural gas prices have helped cut CO2 in 2019.
Joining initiatives including ONE Future and the Natural Gas STAR has helped the utility to make pledges which paved way for investments in low carbon technologies.
ONE Future is a consortium of natural gas companies working together to voluntarily reduce methane emissions below 1%, by 2025.
Xcel Energy has also invested more than $1 billion to improve its natural gas pipelines and tighten its system.
The US electric sector reduced carbon emissions by 30% in 2019 from 2005 levels, according to the US Energy Information Administration.
“We’re making tremendous progress on our clean energy journey. Our 2019 results demonstrate our ability to transition to low-carbon energy resources while keeping service reliable and customer bills low,” said Ben Fowke, chairman, president of Xcel Energy.
“Just as we’re committed to reducing carbon emissions from the electricity we provide, we’re also working to reduce greenhouse gas emissions from our natural gas business and we’re taking several ambitious steps to do so,” said Fowke.