Xcel Energy named a ‘World’s Most Admired Company’ by Fortune magazine for 11th consecutive year
MINNEAPOLIS – For the 11th year in a row, Xcel Energy has been honored as one of the World’s Most Admired Companies by Fortune magazine. The Minneapolis-based utility ranked first in use of corporate assets and placed second overall among the most admired gas and electric companies in the country.
The ranking is based on nine criteria including innovation, social responsibility, financial soundness, longterm investment value and quality of management, according to a news release.
“Xcel Energy is honored to make Fortune magazine’s list of the World’s Most Admired Companies once again. This award is a testament to our employees and their commitment to the communities we serve,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “We’re grateful to be recognized for our leadership towards a cleaner energy economy that works for all customers while ensuring safe, reliable and affordable service.”