Bob Frenzel is the CEO of Xcel Energy. Chris Rogers is Partner and West Market Leader, Energy Providers Practice at Guidehouse.
Decarbonization is the talk of every town. PUF's Steve Mitnick and Guidehouse's Chris Rogers sat down with San Diego Gas & Electric CEO Caroline Winn and Xcel Energy CEO Bob Frenzel to talk about the future of clean energy.
PUF's Steve Mitnick: How do you see the current state of the utilities industry and Xcel Energy's role in it?
Bob Frenzel: We are experiencing the most exciting time in this industry's history, with the exception of when Nikola Tesla and Thomas Edison started it all some one hundred twenty-five years ago. And we have a new Tesla that's helping generate even more excitement.
We're leading the clean-energy transition at Xcel Energy; we've been the leading provider of wind for fifteen years to our utility customers. We expect to continue that leadership.
It started with us being the first major electric provider to announce a one-hundred-percent carbon-free vision that we would achieve by 2050. We also set an aggressive interim target of an eighty-percent carbon reduction from 2005 levels by the end of the of decade.
Working on the electric energy transition is exhilarating for us as well as the industry. Then couple that with Xcel Energy's announcement last November on our natural gas distribution business.