U.S. utility Xcel Energy is entering a new era in its leadership, with Chief Operating Officer Bob Frenzel succeeding Ben Fowke, who has led the company for the past 10 years.
“I am humbled and honored today to take over as CEO of Xcel Energy,” Frenzel said late last week. “It’s been a privilege to work alongside Ben for the last five years. I am grateful for his leadership, vision and careful stewardship of this great company. This is an exciting time to be in the energy industry, and I look forward to leading us into the future with a focus on our strategic priorities, including being an agile and innovative company and our commitment to elevating the customer experience.”
Xcel Energy provides electricity in eight states (Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin) from a mix of biomass, hydroelectric, nuclear, wind and solar facilities, along with coal and natural gas. The company’s total generating capacity exceeds 18,000 MW, and its hydro portfolio is 26 plants with a capacity of 610 MW.
Frenzel joined the company as CFO in 2016, then was promoted to COO and president last year, overseeing Xcel’s four operating companies, transmission, distribution and natural gas operations.
“Bob is an outstanding leader, and I am confident he will champion Xcel Energy’s strategic priorities including leading the clean energy transition and enhancing the customer experience while keeping customer bills low,” Fowke said.
Fowke is staying on as executive chairman of the Xcel board of directors. He will focus on national energy policy and will continue to work closely with Frenzel.
Tim O’Connor has served as Xcel Energy’s executive vice president and chief generation officer since 2020 and now moves into the role of COO, where he will oversee nuclear generation, energy supply, supply chain, commercial operations, distribution, transmission and the company’s natural gas business.