Texas Sues Xcel Over ‘Blatant Negligence’ in Fatal Wildfire

7 hours ago 2

Article content

(Bloomberg) — Texas Attorney General Ken Paxton has sued Xcel Energy Inc., accusing the utility company of “blatant negligence” over its role in the Smokehouse Creek wildfire that killed three people and caused more than $1 billion in damage last year.

Financial Post

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
  • Daily content from Financial Times, the world's leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
  • Daily content from Financial Times, the world's leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account.
  • Share your thoughts and join the conversation in the comments.
  • Enjoy additional articles per month.
  • Get email updates from your favourite authors.

THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account
  • Share your thoughts and join the conversation in the comments
  • Enjoy additional articles per month
  • Get email updates from your favourite authors

Sign In or Create an Account

or

Article content

“The company made false representations about its safety commitments and ignored warnings that its aging infrastructure needed immediate repair and to be updated,” according to a statement from the AG’s office Tuesday.

Article content

Article content

Paxton said in August that he was investigating Xcel for its role in the Smokehouse fire and another blaze, claiming the company may have prioritized environmental and diversity goals over maintenance and safety. Xcel has acknowledged that its infrastructure was likely involved in starting the Smokehouse fire but has refuted accusations of negligence. 

Article content

Article content

The lawsuit filed in a state court in Hemphill County in the Texas panhandle is the latest example of the pressure on utilities companies like Xcel to provide electricity across the US West without sparking wildfires, especially during extreme weather events. Power companies across the US are increasingly opting to turn off electricity to prevent downed power lines and other equipment from sparking catastrophic wildfires. 

Article content

By signing up you consent to receive the above newsletter from Postmedia Network Inc.

Article content

Xcel shares fell as much as 3.1% on Tuesday.

Article content

The company said it was “deeply disappointed that the Attorney General decided to pursue this litigation” and that it has set up a fund for victims that has already paid out $361 million.

Article content

“Though Xcel Energy disputes claims that it acted negligently in maintaining and operating its infrastructure, we accepted responsibility from the beginning and set up an expedited claims process,” the company said in a statement. “Even now, the work to fairly compensate those affected continues.”

Article content

Article content

Article content

“Though Xcel Energy disputes claims that it acted negligently in maintaining and operating its infrastructure, we accepted responsibility from the beginning and set up an expedited claims process.

Article content

Read Entire Article