Xcel Energy named in Fortune Magazine as a 'most admired company'

Alana Edgin, Lubbock Avalanche-Journal
·1 min read
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The new Lawrence Park Substation behind Amarillo’s MarketStreet at 26th and Georgia will add more stability to the area's power grid.
The new Lawrence Park Substation behind Amarillo’s MarketStreet at 26th and Georgia will add more stability to the area's power grid.

Xcel Energy has once again been recognized as one of the Most Admired Companies by Fortune magazine, for the tenth year in a row.

In order to achieve this recognition, companies were judged on innovation, social responsibility, financial soundness, long term investment value and quality of management. Xcel received top marks in social responsibility and quality of management, "placing second overall among the most admired gas and electric companies in the country," the release stated.

"Xcel Energy is honored to make Fortune magazine’s list of the World’s Most Admired Companies once again. It’s a testament to the dedication of our employees as we build a clean energy future for our customers and communities," said Bob Frenzel, chairman, president and CEO of Xcel Energy. "We’re grateful to be recognized for our clean energy leadership as we keep our service reliable, system resilient and customer bills low."

Xcel is aiming to be a net-zero energy provider by 2050, and was the first in the industry to adopt "aggressive clean energy goals covering three large sectors of the economy: electricity, natural gas use in buildings and transportation."

This article originally appeared on Lubbock Avalanche-Journal: Xcel Energy named in Fortune Magazine as a 'most admired company'