Xcel Energy 2014 Annual Report Download - page 14

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Strengthening electric
transmission grid
takes teamwork
As part of the CapX2020 initiative, crews completed
a transmission line segment spanning 1.3 miles over
the Mississippi River between Wabasha, Minn., and
Alma, Wis. Crossing the river was not only technically
challenging but also required input and approval from
10 regulatory agencies.
Xcel Energy is one of 11 transmission owning utilities
that comprise CapX2020, which was formed to upgrade
and expand the electric transmission grid to ensure
continued reliable and affordable service. It represents
the largest development of new transmission in the
Upper Midwest in almost 40 years. The projects provide
needed transmission capacity to support new generation
options, including renewable energy.
Xcel Energy
Annual Report 2014 12
Because our path forward relies on strong
communities, we support them with employee
volunteer activities, funding from the Xcel Energy
Foundation and an impressive United Way campaign
every year.
In 2014, the Xcel Energy Foundation contributed
more than $3.4 million to promote workforce
development, STEM education, environmental
stewardship and access to the arts. Our United
Way campaign resulted in more than $5.2 million
bene๎€Ÿtting the communities we serve.
Those community efforts are one of many reasons
we have been included for eight years in the Dow
Jones Sustainability Index for North America, a
leading ๎€Ÿnancial index of companies considered
best in class for corporate economic, environmental
and social performance.
Forging Our Path
As we move forward on our path, rest assured
that we will continue to take a leading role in caring
for our communities, advocating for customers,
collaborating with stakeholders and building value
for you. Our performance over time, our ability to
reach new milestones and our understanding of
a changing marketplace prove that Xcel Energy
is well-positioned for long-term success.
Itโ€™s a new day in the energy industry, and we are
embracing the possibilities and making them work
for you. We appreciate the trust you place in us and
look forward to another outstanding year.
Sincerely,
Ben Fowke
Chairman, President and CEO