Fortune magazine recently announced Xcel Energy as one of its World’s Most Admired Companies for the ninth consecutive year.

“We are very honored that this is the ninth collaboration. … It’s a kind of global recognition, and we believe we are leaders in our electric utility industry by constantly developing new technologies to serve our customers efficiently and by providing support to our local communities” , said David Hudson, president of Xcel Energy – New Mexico and Texas.

In its respective field, the company ranked second among the most admired gas and electric companies in the country.

The ranking is determined by Fortune magazine in partnership with Korn Ferry, conducted through a study where senior executives and directors rate each company in a survey. The survey and results are based on business analysis with these nine criteria in mind:

  • Ability to attract and retain talent,
  • the quality of management,
  • social responsibility towards the community and the environment,
  • innovation,
  • the quality of the products or services,
  • rational use of company assets,
  • financial solidity,
  • long-term investment value, and
  • efficiency in doing business globally.
A wind turbine is seen from Xcel Energy's Sagamore wind project, located near Portales, as part of its efforts to produce cleaner energy.

In a press release, Bob Frenzel, President and CEO of Xcel Energy, said, “Xcel Energy is honored to be named to Fortune Magazine’s list of the World’s Most Admired Companies. Thank you to our dedicated employees who continue to deliver for our customers and our communities.”

“It is rewarding to be recognized by our peers and stakeholders as leaders in the clean energy transition while maintaining our service reliability, system resilience and low customer bills,” Frenzel said.

Xcel Energy provides electricity to millions of homes and businesses in eight states in the West and Midwest. The company is headquartered in Minneapolis, and it is the first major US utility to announce its commitment to reduce carbon emissions by 80% below 2005 levels by 2030. The company s is also striving to deliver 100% carbon-free electricity by 2050, and is more than halfway to that goal.

Belinda Taylor, left, presents the 2021 Corporate Community Service Award to Brad Baldridge, Director of Client and Community Relations for Xcel Energy, right, during the 50th celebration of Los Barrios de Amarillo, which took place held virtually in 2021 via Facebook.

The energy company has also worked in the local community and has received several awards over the past year in recognition of their contributions, including the 2021 Los Barrio De Amarillo Business Community Service Award, the 2021 Association of Fundraising Professions, as well as West Texas A&M University, Paul and Virginia Engler College of Business Corporate Legacy Award, and Employer of the Year Award, among many others.

“We are very passionate about the communities we serve. … We understand that our assets are in the ground, in our communities, and our employees live in our communities, so the vitality of these areas is very important to us. And we want to continue to support them in any way we can,” Hudson said.