Key facts
- Xcel Energy is investing in wind and solar energy sources.
- The company aims to build a more modern, resilient, and sustainable grid.
- Natural gas prices have remained stable despite rising oil prices.
Xcel Energy CEO Bob Frenzel outlined the company's strategy to invest across various energy sources, including wind and solar, with the goal of constructing a 'more modern, more resilient, more sustainable grid of the future.' In an interview with Bloomberg Washington Correspondent Tyler Kendall, Frenzel also commented on market conditions, noting that despite rising oil prices attributed to the conflict between the US and Iran, natural gas prices have experienced minimal fluctuation.