Texas Attorney General Sues Xcel Energy Inc. (XEL) unit over Smokehouse Creek Wildfire

On December 16, 2025, Reuters reported that Texas Attorney General Ken Paxton filed a suit against Southwestern Public Service Company, a part of Xcel Energy Inc. (NASDAQ:XEL), claiming it was liable for the 2024 Smokehouse Creek wildfire. The occurrence was the largest ever recorded wildfire successful Texas history, burning to decease 3 individuals and causing much than $1 cardinal successful damage. Paxton’s bureau claims that the suit aims to retrieve monetary damages, specified arsenic mislaid wildlife worth and spot damage. It besides requests a tribunal bid mandating corrective actions to halt akin instances successful the future, arsenic good arsenic civilian fines for breaking Texas law.

Following the announcement, Xcel Energy Inc. (NASDAQ:XEL)’s shares dropped 4% successful day trading. An enquiry against aggregate inferior companies linked to the Smokehouse Creek and Windy Deuce fires was started earlier successful 2025 by Paxton’s office. As per Paxton, the institution failed to uphold its work of attraction to the locals and customers successful its work area.

Xcel Energy Inc. (NASDAQ:XEL) handles utilities successful 8 states, serving 3.8 cardinal electrical and 2.2 cardinal earthy state users.

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