Xcel CEO Says Flip the Grid Process and Build Power Lines First

Bloomberg11-12

(Bloomberg) -- The US should build electric transmission lines in places with strong clean-energy potential rather than waiting for solar and wind farms to be developed first, Xcel Energy Inc. Chief ...

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Chief ...</p>\n\n<a href=\"https://finance.yahoo.com/news/xcel-ceo-says-flip-grid-201712626.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4084","symbol_name":"特种房地产投资信托","start_time":0,"source_url":"https://finance.yahoo.com/news/xcel-ceo-says-flip-grid-201712626.html","article_id":"2482763819","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/g6jDb6wVFLDHWYdSzs48Mw--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/c7b2f509721b1afeebc7fcb66b62f07a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482763819","pubTimestamp":1731356232,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- The US should build electric transmission lines in places with strong clean-energy potential rather than waiting for solar and wind farms to be developed first, Xcel Energy Inc. Chief Executive Officer Bob Frenzel said in an interview Monday.Installing power lines first would attract renewable developers as well as big industrial customers looking to tap into the electricity, he said.Power demand is expected to soar in coming years due to data centers, new factories and the electrification of cars and home heating. But developing transmission lines is often a long and difficult process, slowed by permitting and legal obstacles.“We know where the resource-rich parts of the country are, and we know if we build a grid to those places, then the developers will follow with wind and solar,” Frenzel said during an interview at the EEI Financial Conference in Florida. “That’s a little bit of a flip to how we’ve historically done it.”","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4084":"特种房地产投资信托","BK4234":"特殊用途房地产信托","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","IE00B29SXL02.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) INC","BGSX":"Build Acquisition Corp","IE00B29SXK94.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) ACC","BK4094":"服装零售","BK4585":"ETF&股票定投概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","XELB":"Xcel Brands, Inc","BK4588":"碎股","XEL":"埃克西尔能源","LU2637428348.USD":"NORDEA 1 GLOBAL SUSTAINABLE LISTED REAL ASSETS \"MP\" (USD) INC","PW":"Power REIT","BK4081":"电力公用事业"},"translate_title":"Xcel首席执行官表示翻转电网流程并首先建设电力线","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BGSX":1,"PW":1,"XELB":1,"XEL":0.9},"content_text":"(Bloomberg) -- The US should build electric transmission lines in places with strong clean-energy potential rather than waiting for solar and wind farms to be developed first, Xcel Energy Inc. Chief Executive Officer Bob Frenzel said in an interview Monday.\nInstalling power lines first would attract renewable developers as well as big industrial customers looking to tap into the electricity, he said. \nPower demand is expected to soar in coming years due to data centers, new factories and the electrification of cars and home heating. But developing transmission lines is often a long and difficult process, slowed by permitting and legal obstacles. \n“We know where the resource-rich parts of the country are, and we know if we build a grid to those places, then the developers will follow with wind and solar,” Frenzel said during an interview at the EEI Financial Conference in Florida. “That’s a little bit of a flip to how we’ve historically done it.”\nFrenzel said the incoming Trump administration could be a strong partner for increasing the amount of cheap energy moving around the US. “I’m going to push hard for the administration to think about how do we build the linear infrastructure this country needs for the next century,” he added. “We’re going to make the grid great again.” \n©2024 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482763819"}