Xcel Energy 2014 Annual Report Download - page 9
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Growing our business
to serve customers
As part of its strategic plan for the future, Xcel Energy is
exploring growth opportunities in the natural gas business.
In 2014, the company expanded natural gas service to
three Minnesota communities, including Barnesville, Minn.
At Agassiz Valley Grain in Barnesville, General Manager
Dan Noreen (above, right) was pleased to switch from
propane to natural gas to fuel the company’s grain drying
operation. “It’s a safer product for us to work with,”
he said. “It’s a little more dependable and reliable…and
natural gas is going to have some cost savings for us
long term.”
Residential customers should also see signicant savings,
according to Xcel Energy’s Gerry Traut (above, left).
“The average customer who has been using propane for
heating their home is going to see savings of around $1,000
a year, based on the 2013 – 2014 winter propane prices.”
Xcel Energy
Annual Report 2014 7
transmission in the country, and we do it
well, with our average cost per mile for new
transmission below the national average.
Innovation is important to our success, and
our customers look to us for solutions. I was
especially pleased this year to announce our
rst-in-the-nation Clean Energy Partnership with
the city of Minneapolis and CenterPoint Energy.
This partnership represents a new, collaborative
approach to helping the city and its residents—
our customers—meet aggressive climate and
energy goals, while providing a renewed franchise
agreement for our service. Working together, we
can execute constructive solutions that make our
communities strong and vibrant, a working model
that charts a great path for us.
Our customers rely on us for energy conservation
solutions, too, and we’ve been delivering for more
than two decades. In 2014, customers who took
advantage of our energy efciency programs saved
enough electricity to power almost 114,000 homes
for a year and enough natural gas to serve more
than 17,000 homes for a year. In terms of long-term
performance, these programs since 1992 have
reduced enough electric demand to enable us
to avoid building 16 mid-sized power plants.
Looking to the future with
optimism and a solid plan
Building from a foundation of nancial and
operational success, we are optimistic about the
future. We have a solid and comprehensive plan
that will keep us strong and on the leading edge
as the energy landscape continues to evolve. We
will take advantage of the opportunities those
changes offer for our customers and for you.