Xcel Energy Inc Under Investigation by Texas Attorney General
Xcel Energy Inc, a leading American utility company, is facing an investigation by the Texas Attorney General’s office. The investigation was launched in response to allegations that the company, along with its contractor and other utilities, prioritized environmental and diversity goals over maintenance and safety.
The investigation is focused on the company’s role in a series of wildfires in Texas last year. The Texas Attorney General’s office is examining the company’s practices and procedures to determine if they contributed to the wildfires.
Key Parties Involved
- Xcel Energy Inc
- The company’s contractor
- Other utilities
Allegations and Concerns
- Prioritization of environmental and diversity goals over maintenance and safety
- Concerns about the company’s commitment to public safety and infrastructure maintenance
- Questions about the company’s ability to manage risks and ensure the reliability of its services
Impact on Stock Price
The stock price of Xcel Energy has been affected by the investigation, with investors questioning the company’s ability to manage risks and ensure the reliability of its services.