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Xcel Energy joins the Drive Clean Summit + Expo as Presenting Sponsor. Drive Clean Colorado is proud to recognize Xcel Energy as the Presenting Sponsor of the 2026 Drive Clean Summit + Expo, coming to Empower Field at Mile High on October 22. Building Colorado's clean transportation future is a team effort. Fleets, utilities, communities, technology providers, policymakers and transportation professionals each bring something different to the field. DCSE brings them together to turn shared challenges into practical solutions - and move Colorado forward. Xcel Energy's sponsorship helps make that collaboration possible. A timely agenda for a changing industry Clean transportation is at an important crossroads. Funding programs are shifting. Fleets are exploring new vehicles and technologies. Communities are planning infrastructure. Utilities are preparing for growing transportation-energy needs. Employers and training providers are working to build the workforce required to support it all. This year's agenda gets directly into those questions, with conversations focused on: * Where clean transportation is headed in Colorado and nationally * The real-world decisions shaping fleet deployment * Charging infrastructure, reliability and grid readiness * Workforce development and training * Transit and emerging mobility solutions * Retail charging requirements * Policy changes and the future of transportation funding The indoor and outdoor Expo will give attendees time to see vehicles, charging equipment and emerging technologies firsthand - and talk directly with the people putting them to work. The day concludes with Funding Crossroads, a forward-looking discussion about where transportation funding is headed and how fleets, communities and industry partners can prepare. Partnership that moves the work forward Sponsorship should do more than place a logo on an event. It should help create useful experiences, substantive conversations and connections that continue after the doors close. As Presenting Sponsor, Xcel Energy is investing in a stronger and more connected clean transportation industry. That is especially important as transportation and energy planning become increasingly intertwined. Drive Clean Colorado appreciate Xcel Energy's support - and Drive Clean Colorado look forward to bringing Colorado's clean transportation team together at Empower Field. Join Drive Clean Colorado October 22 for the 2026 Drive Clean Summit & Expo.

Xcel Energy's dividend streak meets a $60 billion bill. Xcel Energy has lifted its quarterly dividend every year, but wildfire lawsuits, a $60 billion capital plan and a 10-Year Treasury above 4% test what that streak is worth to retirees now. Xcel Energy (XEL), which has raised its quarterly dividend every year, traded at 75.54, down 1.05% on the day as of 17:47 GMT on September 4, 2026, as retirees weigh wildfire litigation, a $60 billion capital spending plan and a 10-Year Treasury yield above 4% against that payout record. Retirees who buy regulated electric utilities are buying a promise: that a monopoly service, a state regulator and a predictable rate base will keep a quarterly check arriving no matter what the stock market does that year. Xcel Energy (XEL) has kept that promise, raising its dividend every single year. The question in front of income investors in 2026 is not whether the company has paid, but whether the three pressures now sitting on it - wildfire lawsuits, a $60 billion spending plan and a 10-Year Treasury yield above 4% - change the arithmetic of owning it. Shares traded at 75.54 as of 17:47 GMT on September 4, 2026, down 1.05% on the day from a previous close of 76.34, with an intraday range of 75.44 to 76.55. That was a softer session than the broad market: the S&P 500 proxy SPY fell 0.49% to $769.38 and the Dow proxy DIA fell 0.57% to $533.88 over the same stretch. A single day proves nothing, but utilities underperforming a down tape is the kind of detail income investors should notice rather than dismiss. What an unbroken raise record actually guarantees. A dividend growth streak is a behavioural signal, not a contractual one. Utility boards treat the payout as close to sacred because a cut is read by the market as an admission that the regulatory compact has broken down. That is why streaks in this sector tend to end only in genuine distress - a failed rate case, an unrecoverable liability, a balance sheet that no longer supports the credit rating. So the streak tells a retiree two useful things. First, management has consistently chosen to protect the dividend when it had discretion. Second, the company has, until now, generated enough cash from regulated operations to fund both the payout and its construction programme. Neither is a forecast. Both are evidence. What the streak does not tell you is how much headroom is left. That depends on the payout ratio - the share of earnings sent out as dividends - and on whether the earnings behind it are the kind regulators will keep allowing. A utility funding a large capital programme typically wants that ratio comfortably below the level where any earnings stumble forces a choice between the dividend and the balance sheet. Wildfire liability is the tail risk that reprices utilities. The wildfire lawsuits are the item that separates Xcel from a generic regulated income stock. Utility investors learned in the past decade that fire liability does not behave like ordinary litigation. It can arrive in a single event, run to sums that dwarf a year of earnings, and land outside the normal cost-recovery machinery that makes utilities investable in the first place. The mechanics matter more than the headline. What determines whether a wildfire claim is a manageable charge or an existential one is whether the costs are insurable, whether the state allows them into rates, and whether a statutory liability cap or recovery fund exists. Those answers differ by jurisdiction, and they are the thing an income investor should be reading in the filings rather than the aggregate claim numbers cited in press coverage. For a retiree, the practical framing is simple: wildfire exposure is not a reason the dividend gets cut next quarter. It is a reason the stock can gap lower on news, and a reason concentration in one name is unwise even when that name has never missed a raise. A $60 billion build is both the growth engine and the strain. The $60 billion capital plan is, in the ordinary logic of regulated utilities, good news. Approved capital spending enters the rate base, earns an authorised return, and drives the earnings growth that funds future dividend increases. Transmission, generation replacement and load growth from electrification and data centres all point the same way. The $60 billion capital plan is, in the ordinary logic of regulated utilities, good news. The strain is how it gets paid for. Programmes of that size are rarely funded from operating cash flow alone. They are funded with a mix of debt and equity, and both are more expensive when the 10-Year Treasury yield sits above 4%. Higher borrowing costs raise the interest bill; issuing new shares to fund construction dilutes existing holders and means the same total dividend is spread across more of them. The rate case cycle eventually passes those costs to customers, but the lag between spending the money and collecting on it is precisely where utility balance sheets get uncomfortable. That is the tension the 24/7 Wall St piece puts at the centre of the case: an unblemished payout record running into a decade of heavy construction financed at higher rates than the plan was conceived under. The Treasury yield changes the comparison, not the company. With the 10-Year Treasury above 4%, a retiree can collect a government-backed coupon without taking wildfire risk, regulatory risk or equity price risk. That does not make utilities uninvestable - a Treasury coupon does not grow, and Xcel's has - but it raises the bar. The yield spread between a utility and the risk-free rate is the compensation for everything that can go wrong, and when the risk-free rate rises, that compensation has to come from either a higher dividend yield or a lower share price. This is the mechanical reason rate-sensitive equities have struggled whenever long yields push higher. It is not a judgement on the underlying business. What income investors should be watching next. * The next declared dividend and the size of the raise. A smaller increase than usual is the earliest signal that management is conserving cash for the capital plan. * Payout ratio disclosed in quarterly filings. The distance between the payout and earnings is the cushion; watch it, not the streak. * Rate case outcomes and authorised returns in each state Xcel serves. These set the earnings that pay the dividend. * Wildfire litigation milestones - settlements, insurance recoveries, and any state legislation on liability caps or recovery funds. * Financing mix. How much of the $60 billion arrives as debt versus new equity determines the dilution retirees absorb. The honest answer to whether the streak holds is that no shareholder can know, and anyone claiming certainty is selling something. What a retiree can control is position size, diversification across more than one utility and more than one sector, and a habit of reading the payout ratio rather than the marketing. A dividend that has grown every year is a strong prior. It is not a guarantee, and at 75.54 with a 4%-plus risk-free alternative available, the market is clearly pricing in that distinction. Key facts. * XEL last trade: 75.54, -1.05% on the day, as of 17:47 GMT Sept 4, 2026 * Previous close / day range: 76.34; intraday 75.44-76.55 * Capital plan: $60 billion * Risk-free comparison: 10-Year Treasury yield above 4% Frequently asked questions. Has Xcel Energy ever cut its dividend? According to the facts behind this story, Xcel Energy pays a quarterly dividend that has grown every single year. That is an unbroken record of annual increases rather than merely maintained payments. It is a strong indicator of board commitment, but it is a historical record, not a contractual guarantee of future payments or future increases. Where did Xcel Energy shares trade most recently? Xcel Energy (XEL) last traded at 75.54, down 1.05% on the day from a previous close of 76.34, as of 17:47 GMT on September 4, 2026, with an intraday range of 75.44 to 76.55. That session was weaker than the broad market, where the S&P 500 proxy SPY fell 0.49% and the Dow proxy DIA fell 0.57%. Why do wildfire lawsuits matter so much for a utility dividend? Wildfire liability is unusual because a single event can produce claims far larger than a year of earnings, and those costs may fall outside the normal regulatory cost-recovery process. Whether the exposure is manageable depends on insurance coverage, whether state regulators permit recovery through customer rates, and whether liability caps or state recovery funds exist in the jurisdictions involved. How does a $60 billion capital plan affect shareholders? Approved utility capital spending enters the rate base and earns an authorised return, which is how utilities grow earnings and fund dividend increases. The offsetting risk is financing: programmes that large usually require new debt and new equity. Debt raises interest costs, and issuing shares dilutes existing holders, spreading the same total dividend across more shares. Why does the 10-Year Treasury yield affect utility stocks? Utilities are bought largely for income, so they compete directly with government bonds. When the 10-Year Treasury yields above 4%, investors can collect a risk-free coupon without taking litigation, regulatory or equity price risk. For a utility to stay attractive, its yield spread over Treasuries must compensate for those risks, which usually means a higher dividend yield or a lower share price. What should an income investor monitor from here? Watch the size of the next declared dividend increase, the payout ratio in quarterly filings, the outcome of state rate cases and authorised returns, milestones in the wildfire litigation including settlements and insurance recoveries, and the split between debt and equity used to fund the capital plan. Those five items drive dividend sustainability more than the streak itself.

Gridsight raises $26M Series B to unlock Electric grid capacity and affordability. Sep 01, 2026, 09:00 ET Led by Insight Partners with participation from Galvanize, the round will accelerate US expansion of Gridsight's AI-driven capacity management solutions amid the strongest sustained growth in electricity demand in decades. SAN FRANCISCO, Sept. 1, 2026 /PRNewswire/ - Gridsight, the AI-powered capacity management platform for utilities, today announced it has raised a US$26 million Series B led by Insight Partners, with participation from Galvanize and existing investors Airtree, Energy Transition Ventures and Aera VC. The round will accelerate Gridsight's US expansion while supporting continued growth in Australia at a moment when utilities face their most complex capacity challenge in decades, connecting a surge of data centers, EVs and distributed energy resources while keeping power affordable and reliable for the customers and communities they serve. US electricity demand is rising after fifteen years of stagnant growth, driven by AI data centers, EVs, and electrification. But new construction alone cannot meet this growing demand. As the cost and timeline of building new infrastructure climb, regulators are shifting incentives toward better use of existing grid capacity. The opportunity lies within existing networks, where as much as three-quarters of grid capacity goes unused on average, varying by location, time of day, and season. Greater visibility and smarter management of this latent capacity allows utilities to connect more load today, without waiting for new infrastructure. Gridsight's intelligent platform gives utilities a unified view of available network capacity and the tools to act on it in real-time. "The grid's capacity challenge is not uniform," said Brendan Banfield, Co-founder and CEO of Gridsight. "For the majority of the year, significant capacity exists; but it is uneven, dynamic and geographically dependent. Our platform helps utilities quantify that capacity, connect customers faster and direct investment to the pockets of the grid that maximize its impact. Our goal at Gridsight is to use data and intelligence to ensure energy is an enabler for economic and technological progress, not its limiting factor." Gridsight is already working with leading US utilities, including Xcel Energy and United Illuminating, an Avangrid subsidiary. In Australia, where Gridsight was founded, Endeavour Energy deployed Gridsight's unified capacity management platform for real-time solar management, doubling static solar export capacity for households from 5 kW to 10 kW paired with real-time dynamic control to protect the local grid. This program is expected to unlock more than $100 million in value for customers and 600 MW of additional solar capacity for the grid. "Australia leads the world in rooftop solar adoption, and Endeavour Energy is at the forefront of that transition. Gridsight has been an invaluable strategic partner since 2021, helping us embrace AI and make data-led decisions on how we connect, manage, flex and plan our network. We've doubled customers' solar export capacity within our existing poles and wires, are operating the grid closer to its full potential, and delivering better value for our customers. We're proud of our partnership with Gridsight and the work we're doing to accelerate Australia's energy transition." said Danny Cooper, CEO Endeavour Energy. At the core of Gridsight's platform is its Foundational Grid Model, a continuously updated, utility-specific model that brings fragmented grid data into a single, trusted view of the network. Unlike general-purpose AI, Gridsight's AI agents combine utility-specific grid models with electrical physics to help engineers analyze complex networks in real-time, make better, faster decisions, and drive automation. "Gridsight is now an integral part of how our Distribution teams operate and plan, turning data our network produces into intelligence our engineers can act on. As complexity in our distribution system continues to grow, this partnership helps us make rapid decisions to safely get the most out of our existing grid." - Todd Conner, Senior Vice President, Electric Distribution Xcel Energy With deployments at leading utilities across the US and Australia, Gridsight is translating platform capability into measurable outcomes at scale. This round of US expansion comes as demand growth accelerates and grid investment cycles lengthen, meaning utilities are increasingly looking for solutions that deliver results within existing infrastructure. This is the problem Gridsight was built to solve. "The energy transition is stress-testing utility networks in ways they were never designed to handle," said Rachel Geller, Managing Director at Insight Partners, "Gridsight's platform provides the intelligence, visibility, and control needed to unlock latent capacity, connect more load, and stay ahead of demand without waiting for new infrastructure. The US market opportunity is substantial, and we're proud to back this team." About Gridsight Gridsight is the AI-powered capacity management platform for utilities. Founded in Sydney, Australia in 2020, Gridsight gives utilities a dynamic, decision-ready view of what their networks can carry, where and when, helping them connect new demand faster, make better use of existing infrastructure and direct investment where it is needed most. Its customers span Australia, New Zealand, the United States, and the UK. More at gridsight.ai. About Insight Partners Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2025, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 900 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has a global presence with leadership in London, Tel Aviv, and the Bay Area. Insight's mission is to find, fund, and work successfully with visionary executives, providing tailored, hands-on software expertise throughout their growth journey, from first investment to IPO. About Galvanize Galvanize is a global asset manager investing at the intersection of energy innovation, resilience, and intelligence. The firm deploys capital across seed, venture, growth, public equities, credit, and real estate, combining investment expertise with deep in-house capabilities in technology, policy, and markets. Galvanize is structured to rapidly identify and execute on investment opportunities created by the energy transition, across all sectors of the economy. SOURCE Gridsight