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Robert Frenzel

President, Chief Executive Officer & Chairman, Xcel

Search every verified Robert Frenzel interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Robert Frenzel, chairman, president, and CEO of Xcel Energy, discussed the company's large-load pipeline and data center growth during recent earnings calls. He stated that Xcel's high-probability portfolio exceeds 20 gigawatts, with projects ranging from urban data centers of 10 to 20 megawatts to 1,000-megawatt campuses, primarily in the upper Midwest and Southwest. Frenzel said the company has 1 gigawatt of data centers in operation or under construction, an additional gigawatt under signed agreements, and expects to secure another 4 gigawatts of data center load by year-end 2027. He also described regulatory filings, such as a large-load tariff in Colorado, as pathways to bring large loads forward while supporting state policy and customer benefits. Frenzel also addressed energy policy and resource planning. He expressed support for an "all of the above" energy strategy aligned with federal executive orders, emphasizing the need to build infrastructure quickly to serve customers. He noted that Xcel does not see a near-term need for new nuclear in its resource plans, citing strong wind and solar resources in its regions, though he described himself as an "unabashed fan" of nuclear energy nationally. Regarding wildfire risks, Frenzel said national problems require national solutions, calling for federal roles in setting standards, insurance backstops, and functional markets, while also engaging with states on forestry and infrastructure standards. He reiterated the company's commitment to an 80% carbon reduction by 2030, with natural gas combustion turbines playing a role as dispatchable resources in current plans.

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