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A Look at Xcel Energy’s Net Plant by Function

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Xcel Energy: Net plant by function

Xcel Energy’s (XEL) major portion of its net plant consists of transmission infrastructure. Its generation also forms a significant part of its net plant. The functional allocation of net plant is representative of the functional allocation of the rate base. Net plant represents gross plant minus accumulated depreciation.

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The chart above shows the net plant of Xcel Energy (XEL) at the end of 2015. Xcel Energy’s generation is still inclined toward coal. It generates nearly 50% of its power using coal (KOL), which may concern investors if the Clean Power Plan is implemented. Its peers Duke Energy (DUK) and DTE Energy (DTE) also have coal-dominated generation mixes.

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