On Thursday, utility company Xcel Energy acknowledged that its equipment likely played a role in igniting the Smokehouse Creek fire.
BlackRock submitted a 13G/A form to the SEC, disclosing ownership of 49.88 million shares of Xcel Energy Inc (XEL) in 2023, representing a 9.1% stake in the company. Following BlackRock, Vanguard and JP Morgan Chase are the next largest shareholders.
Xcel stated it is cooperating with local law enforcement investigations.
An Austin-based law firm specializing in wildfire damage filed a lawsuit in Hemphill County last week, alleging that an Xcel Energy line initiated the Smokehouse Creek fire north of Stinnett.
Xcel Energy attributes the incident to a faulty pole, although it's noted that high winds can also occasionally cause power lines to spark, leading to wildfires.
From post:
On Thursday, utility company Xcel Energy acknowledged that its equipment likely played a role in igniting the Smokehouse Creek fire.
BlackRock submitted a 13G/A form to the SEC, disclosing ownership of 49.88 million shares of Xcel Energy Inc (XEL) in 2023, representing a 9.1% stake in the company. Following BlackRock, Vanguard and JP Morgan Chase are the next largest shareholders.
Xcel stated it is cooperating with local law enforcement investigations.
An Austin-based law firm specializing in wildfire damage filed a lawsuit in Hemphill County last week, alleging that an Xcel Energy line initiated the Smokehouse Creek fire north of Stinnett.
Xcel Energy attributes the incident to a faulty pole, although it's noted that high winds can also occasionally cause power lines to spark, leading to wildfires.