Truly Elected Director on Xcel Energy Board
Minneapolis, Minnesota, United States September 14, 2005
Richard H. Truly, retired U.S. Navy Vice Admiral and past director of the Department
of Energy's National Renewable Energy Laboratory, has been elected to Xcel
Energy Inc.'s (NYSE:XEL) board of directors.
Truly,
67, headed NREL from 1997 until his retirement in 2005. He has
served as the executive vice president of the Midwest Research
Institute, vice
president of the Georgia Institute of Technology and director of the Georgia
Tech Research Institute. He served in the U.S. Navy and NASA from 1959
to 1992.
As a result of his service to the nation, Truly received several prestigious
honors including the Presidential Citizens' Medal, two Legions of Merit
awards, two Distinguished Service Medals (NASA), the Navy Distinguished
Flying Cross and the Secretary of Energy's Gold Award. Among many association
memberships, he belongs to the Astronaut Hall of Fame and the Georgia
Aviation Hall of Fame.
"Richard's qualifications are outstanding, and we are delighted to welcome him to our board. He brings with him a clear understanding of the global issues facing the energy sector as well as unique insights into the burgeoning renewable energy industry," said Richard Kelly, president and chief executive officer of Xcel Energy.
Xcel
Energy is a major U.S. electricity and natural gas company, with
operations in 10 Western and Midwestern states. Xcel Energy provides
a comprehensive portfolio of energy-related products and services
to 3.3 million electricity customers and 1.8 million natural gas
customers through its regulated operating companies. In terms of
customers, it is the fourth-largest combination natural gas and
electricity company in the nation. Company headquarters are located
in Minneapolis.
The
power of falling water now accounts for more than four percent
of Xcel Energy's electricity generation. Xcel Energy owns several
hydrolectric power plants, located
in Wisconsin, Minnesota and Colorado. And it purchases large amounts
of emissions-free, reasonably priced hydro-generated electricity
from Manitoba Hydro.
Xcel Energy is one of the nation's leading suppliers of wind energy to
customers. As of May 1, 2004, Xcel
Energy has 829 megawatts of wind energy
capacity in service. Xcel
Energy offers Colorado customers Windsource®, a way to purchase
clean wind-generated electricity. Xcel Energy has contracted
for the development of 125 megawatts of electricity generated by
biomass-fueled technologies.
Waste wood, fast-growth poplar trees,
and poultry litter
will all be used as fuel to generate electricity, without depleting the earth's
finite resources.
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