Xcel Energy serves about 3.7 million electric customers and more than 2 million natural gas customers through four utility subsidiaries operating in eight states. Fowke will still serve as executive chairman of the company's board of directors during a transition period. 18, the outgoing CEO left the Minneapolis-headquartered company with a market cap of about $37 billion and a $23.5 billion base capital forecast for 2021 through 2025. from a "middle of the road" Midwestern utility, as judged by investors, to an industry leader and trendsetter in the clean energy transition. Benjamin Fowke spent the past 10 years guiding Xcel Energy Inc.
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