Xcel Energy will pay $640M to settle claims from Denver-area wildfire that burned 1,000 structures

Xcel to pay $640M in Colorado wildfire settlement

Xcel Energy will pay $640M to settle lawsuits over Colorado’s 2021 Marshall Fire, which killed 2 people and destroyed nearly 1,000 homes.

Xcel Energy agrees to pay $640M in settlements after Marshall Fire

DENVER (KDVR) — Xcel Energy has agreed to pay approximately $640 million in settlements after claims that its power lines and equipment caused part of the Marshall Fire in 2021, the most destructive wildfire in Colorado history. On Wednesday, Xcel announced that it has reached an agreement in principle along with Qwest Corporation and Teleport Communications America, LLC to resolve all claims made by insurers, public entities and individual plai…

Xcel Energy will pay $640M to settle claims from Denver-area wildfire that burned 1,000 structures

Minneapolis-based Xcel Energy said Wednesday it expects to pay about $640 million to settle lawsuits alleging it was responsible for starting Colorado’s most destructive wildfire that killed two people and destroyed nearly 1,000 homes in 2021.

Xcel to Pay About $640 Million Over 2021 Colorado Wildfire

(Bloomberg) — Utility Xcel Energy Inc. agreed to pay about $640 million to resolve claims that its power lines contributed to the 2021 ignition of the costliest wildfire in Colorado history.

Xcel Energy surges after reaching $640M settlement in 2021 Colorado wildfire (XEL:NASDAQ)

Xcel Energy rallies after saying it reached settlement agreements totaling $640 million that resolve all litigation related to the 2021 Marshall Fire in Colorado.