Xcel Energy sells selected assets to Tri-County Electric Cooperative

7 October 2005 - Xcel Energy Inc. announced Thursday a definitive agreement to sell its delivery system operations in Oklahoma, Kansas and a small portion of Texas to Tri-County Electric Cooperative.

The transaction, subject to regulatory approvals, is expected to be completed in 2006. Terms of the sale were not disclosed.

Xcel Energy serves approximately 11 000 customers in the Oklahoma communities of Beaver, Boise City, Goodwell, Guymon, Keyes and Texhoma, and in Elkhart, Kan., and Texhoma, Texas, all of whom will become members of the Tri-County Cooperative if the sale is approved.

"We are proud to have served customers in these communities for many years, and we are confident that Tri-County will continue to offer quality service to customers in these areas," said Richard C. Kelly, president and CEO of Xcel Energy. "This change in ownership will be largely transparent to the customer."

Xcel Energy is a major U.S. electricity and natural gas company with regulated operations in 10 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.3 million electricity customers and 1.8 million natural gas customers through its regulated operating companies. In terms of customers, it is the fourth-largest combination natural gas and electricity company in the nation. Company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com.


Sponsored by FLSmidth
Recommend this article Recommend this article () You recommended this article You recommended this article ()
Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Current Magazine Issue

08/01/2013
Volume 117, Issue 8
1308PE_C1_digital

Power Industry Wire News

Entry Deadline Is 10 October for International Photonics Prism Awards

Entry Deadline Is 10 October for International Photonics Prism Awards

SAExploration Announces $40 Million of New Project Awards

SAExploration Announces $40 Million of New Project Awards

Locution Systems, Inc. Commissioned to Provide Its PrimeAlert(TM) Fire Station Alerting System to City of Torrance, California

Locution Systems, Inc. Commissioned to Provide Its PrimeAlert(TM) Fire Station Alerting...

VirTra Awarded Nearly $6 Million -- Firearms Simulator Order From U.S. Federal Government

VirTra Awarded Nearly $6 Million -- Firearms Simulator Order From U.S. Federal Government

IKEA Group to Expand Customer Solar Offer Beyond UK to Eight New Countries

IKEA Group to Expand Customer Solar Offer Beyond UK to Eight New Countries

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>