Xcel Energy said on Wednesday it has reached settlement agreements that resolve all claims related to the 2021 Marshall Fire in Colorado.
The Associated Press - Business News on MSN
Xcel Energy will pay $640M to settle claims from deadly Denver-area wildfire that burned 1,000 structures
Investigators found that a sparking power line owned by Xcel was one of the causes of the fire that was fanned by high winds.
The proposed Marshall Fire settlement will lead Xcel executives to take a $290 million charge against earnings.
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