Xcel Energy Signs MOU with NextEra Energy
Xcel Energy (XEL) signed a memorandum of understanding with a subsidiary of NextEra Energy (NEE) to accelerate the delivery of generation resources to serve large load customers, including data centers. The companies expect to support opportunities across Xcel Energy's service territories through collaboration on generation, storage, and transmission investments. Key commercial terms have been agreed to in the MOU and a formal joint development agreement is expected to be executed in the coming months. Any future projects would be subject to negotiation, agreement on definitive terms, and applicable regulatory approvals.
