And In 2022 we spent more than $500 million with local suppliers, including nearly $137 million with diverse suppliers.
Cole: In what direction does Xcel Energy see itself going? Kenney: We are going boldly into the future. We were the first energy provider in the United States to set forth bold goals for reducing carbon emissions from three major sectors: electricity, natural gas, and transportation. We are making significant strides in reducing carbon emissions, on our way to achieving our goal of reducing carbon emissions by 85%, delivering 80% renewable energy by 2030 and 100% carbon free by 2050. In fact, here in Colorado we are already delivering 42% carbon free electricity and have realized a 51% reduction in carbon emissions. We are also working to reduce greenhouse gas emissions from our natural gas system in the most cost-effective ways. We’ve crafted a comprehensive suite of options, which includes promoting electrification and energy efficiency, while deploying technology to allow use of our existing natural gas system more cleanly. Finally, we are working to build the infrastructure that will catalyze the wider use of electric vehicles in service of our goal that 1 in 5 vehicles in the states we serve will be EVs.
Photo: McBoat Photography
We are working to reduce carbon emissions in a responsible manner. We strive to be the trusted and preferred provider of the energy services our customers need. We are committed to providing our customers the safe, clean, reliable energy services they want and value, at a competitive price. Moreover, we are committed to contributing to the economic vitality of the communities we are privileged to serve. For example, in 2023, our foundation granted $1.3 million to 87 Colorado nonprofits, focusing on STEM, environmental sustainability, and community vitality. Our coworkers gave thousands of volunteer hours in service of numerous non-profits.
Photo: McBoat Photography
12 The Acumen
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