US EditionXcel Energy will pay $640M to settle claims from Denver-area wildfire that burned 1,000 structures
Xcel Energy will pay $640 million to settle lawsuits from over 4,000 plaintiffs without admitting fault in Colorado's most destructive wildfire of 2021.
- Xcel Energy is facing trial to determine if it is partly responsible for the Marshall Fire, which destroyed over 1,000 homes and killed two people.
- Investigators traced some of the fire's causes to a disconnected Xcel power line, which is believed to have likely sparked the fire.
- Plaintiffs are seeking compensation for damages, claiming negligence in maintaining the equipment, while Xcel Energy denies its involvement and asserts that their equipment did not cause the fire.
- If found liable, Xcel could face damages exceeding its $500 million insurance coverage.
74 Articles
74 Articles
Xcel Energy to pay $640 million while denying fault for 2021 Marshall Fire
Xcel Energy will pay $640 million in a settlement related to the company’s role in the 2021 Marshall Fire in Colorado. The Minnesota-based utility company did not admit any wrongdoing. Investigators found that sparks from an Xcel power line were one cause of the Marshall Fire, which destroyed nearly 1,000 homes and killed two people, according to reporting in The Associated Press. Xcel announced the settlement a day before jury selection was sc…
Colorado Newsline
Colorado’s Xcel Energy to pay $640 million to settle Marshall Fire lawsuit
The view from a Colorado National Guard helicopter of the aftermath of the Marshall Fire as seen on Dec. 31, 2021. (Hart Van Denburg/CPR, pool)Colorado’s largest electric utility announced Wednesday that it had agreed to settle a lawsuit over its alleged role in the most destructive wildfire in state history. Xcel Energy’s announcement of the $640 million settlement came one day before the start of a civil trial in Boulder County District Court,…
Colorado's largest utility agrees to settle lawsuit over claims it sparked wildfire
Colorado's largest utility company has agreed to pay about $640 million to settle a lawsuit over liability for the state's most destructive wildfire, the Marshall fire in 2021.
Xcel Energy agrees to pay $640M in settlements after Marshall Fire
DENVER (KDVR) — Xcel Energy has agreed to pay approximately $640 million in settlements after claims that its power lines and equipment caused part of the Marshall Fire in 2021, the most destructive wildfire in Colorado history. On Wednesday, Xcel announced that it has reached an agreement in principle along with Qwest Corporation and Teleport Communications America, LLC to resolve all claims made by insurers, public entities and individual plai…
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