Dive Summary:
- Speaking to investment analysts Thursday, Xcel Energy CEO Ben Fowke said he doesn't think Minneapolis will really choose a municipal utility over the longtime corporate citizen.
- Fowke said he suspects the utility will be a partner in the city for another 100 years, and that he looks forward to working with community members who want more clean energy for the city.
- Xcel's deal with the city expires at the end of 2014, and the Minneapolis City Council held a hearing this morning on whether to move forward with a proposed municipal utility—a move that would also require voter approval this November.
From the article:
... Fowke said Xcel is ahead of many of the city’s renewable energy goals, saying the company will achieve a 30 percent reduction in greenhouse gas emissions by 2020. ...