Xcel profits up 2010, more profits forecast in 2011 - KCBD NewsChannel 11 Lubbock

Xcel profits up 2010, more profits forecast in 2011

By James Clark - email

LUBBOCK, TX (KCBD) - Xcel Energy, a major electric provider on the South Plains, reports profits of $756 million for 2010.  That works out to $1.62 per share as compared with 2009 earnings of $681 million, or $1.48 per share. 

Xcel's West Texas subsidiary, Southwestern Public Service Company, is asking for permission to increase monthly bills by 7% staring next month.  That increase will not apply to most Lubbock residents because Xcel sold its Lubbock operations to Lubbock Power & Light for $87 million on October 29th of last year.  The company forecasts profits of $1.65 to $1.75 per share for 2011. 

Xcel provides electric service or natural gas or both to people in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. 

Copyright 2011 KCBD NewsChannel 11.  All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • NRA links school violence to Ritalin but experts deny link

    NRA links school violence to Ritalin but experts deny link

    Sunday, May 20 2018 6:51 PM EDT2018-05-20 22:51:57 GMT
    Monday, May 21 2018 12:32 PM EDT2018-05-21 16:32:56 GMT
    (Elizabeth Conley/Houston Chronicle via AP). Flags fly at half staff in front of the justice center at Santa Fe, Texas on Sunday, May 20, 2018. Congregations in this deeply religious community near Houston gathered Sunday for their first worship servic...(Elizabeth Conley/Houston Chronicle via AP). Flags fly at half staff in front of the justice center at Santa Fe, Texas on Sunday, May 20, 2018. Congregations in this deeply religious community near Houston gathered Sunday for their first worship servic...
    The National Rifle Association's incoming president is linking school shootings to using medications such as Ritalin.
    The National Rifle Association's incoming president is linking school shootings to using medications such as Ritalin.
  • Trump thrusts abortion fight into crucial midterm elections

    Trump thrusts abortion fight into crucial midterm elections

    Friday, May 18 2018 12:40 AM EDT2018-05-18 04:40:58 GMT
    Monday, May 21 2018 12:32 PM EDT2018-05-21 16:32:55 GMT
    (AP Photo/Manuel Balce Ceneta, File). FILE - In this Jan. 19, 2018 file photo, President Donald Trump speaks to participants of the annual March for Life event, in the Rose Garden of the White House in Washington. The Trump administration will resurrec...(AP Photo/Manuel Balce Ceneta, File). FILE - In this Jan. 19, 2018 file photo, President Donald Trump speaks to participants of the annual March for Life event, in the Rose Garden of the White House in Washington. The Trump administration will resurrec...

    The Trump administration is resurrecting a Reagan-era rule that would ban federally funded family planning clinics from discussing abortion with women, or sharing space with abortion providers.

    The Trump administration is resurrecting a Reagan-era rule that would ban federally funded family planning clinics from discussing abortion with women, or sharing space with abortion providers.

  • School victims honored at Billboard Awards; Janet, BTS shine

    School victims honored at Billboard Awards; Janet, BTS shine

    Sunday, May 20 2018 10:51 AM EDT2018-05-20 14:51:24 GMT
    Monday, May 21 2018 12:32 PM EDT2018-05-21 16:32:37 GMT
    (AP Photos/Invision, File). FILE - In a May 7, 2018, file photo, Ariana Grande, left, attends The Metropolitan Museum of Art's Costume Institute benefit gala celebrating the opening of the Heavenly Bodies: Fashion and the Catholic Imagination exhibitio...(AP Photos/Invision, File). FILE - In a May 7, 2018, file photo, Ariana Grande, left, attends The Metropolitan Museum of Art's Costume Institute benefit gala celebrating the opening of the Heavenly Bodies: Fashion and the Catholic Imagination exhibitio...
    After celebrating her 52nd birthday and the 25th anniversary of her groundbreaking "janet.".
    After celebrating her 52nd birthday and the 25th anniversary of her groundbreaking "janet.".
Powered by Frankly
<div id="CDEV-footer"> <div class="top"> <div class="search-box"> <div class="wnSearchBox" id="WNSearchBox-bottom"><form method="get" onsubmit="return wnValidateSearchTerm(this,0)" action="/Global/searchresults.asp"><span>Can't Find Something? </span><input type="text" class="wnQueryText" name="qu" size="20" value="" placeholder="Search For It Here"><input type="submit" class="wnSubmit" value="Search"></form></div> </div> <div class="station-info"> <div class="logo"><img src="http://ftpcontent.worldnow.com/wncustom/custom/kcbd/2015/images/kcbd-footer-logo.png" width="103" height="98" border="0" /></div> <div class="contact"> <div>5600 Avenue A<br>Lubbock, TX. 79404</div> <div>(806) 744-1414</div> </div> <div class="fcc"> <div><a href="https://publicfiles.fcc.gov/tv-profile/kcbd">FCC Public File</a></div> <a href="mailto:publicfile@kcbd.com">publicfile@kcbd.com</a> <div>(806) 744-1414</div> <a href="/story/4693037/kcbd-eeo-public-file-report">EEO Report</a> <a href="/story/19485867/closed-captioning-on-kcbd-newschannel-11">Closed Captioning</a> </div> </div> </div> <div class="footer-main-nav"> <ul class="link-group"> <!--<li><a href="#">News Now Link</a></li> <li><a href="#">News Now Link</a></li> <li><a href="#">News Now Link</a></li> <li><a href="#">News Now Link</a></li>--> </ul> </div> <div class="news-link"> <ul class="link-group"> <li><a href="http://www.ktre.com/category/241993/texas-news-now">Texas News Now</a></li> </ul> </div> <div class="bottom"> <div class="copyrightText"> <a id="wnLogo" href="http://www.worldnow.com"><img src="http://ftpcontent.worldnow.com/wncorp/logos/worldnow_white.png" id="wn"></a> <div class="text"> All content &copy; Copyright 2000 - 2018 Raycom Media. All Rights Reserved. For more information on this site, please read our <a href="/story/8774923/privacy-policy">Privacy Policy</a>, and <a href="/story/8775106/terms-of-service">Terms of Service</a>, and <a class="adchoice" href="//www.aboutads.info/choices" target="policy">Ad Choices</a>. </div> <div class="clear"></div> </div> </div> </div>